R25 has introduced a yield-bearing stablecoin, rcUSD+, on the Polygon blockchain. Backed by traditional financial instruments, this stablecoin aims to provide on-chain yield opportunities and improve capital efficiency in DeFi applications. The move reflects growing institutional interest in compliant, asset-backed stablecoins.

Polygon Labs has acquired crypto startups Coinme and Sequence for over $250 million to enhance its stablecoin strategy. Coinme focuses on cash-to-crypto conversions and crypto ATMs, while Sequence develops blockchain infrastructure. This move positions Polygon in competition with Stripe in the growing stablecoin market.

Polygon Labs is acquiring Coinme and Sequence for a total of $250 million to enhance its digital asset toolkit. CEO Marc Boiron aims to generate revenue through regulated payment solutions, focusing on stablecoin integration and cash-to-crypto services.