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Polygon, Ethena, and Nethermind have joined the Enterprise Ethereum Alliance, signaling a consolidation of Ethereum’s institutional infrastructure across payments, protocol engineering, and DeFi-native finance. The EEA functions as the institutional coordination layer for Ethereum – the neutral table where enterprises, infrastructure providers, and protocol teams align on how Ethereum is used in regulated, large-scale environments.

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Polygon Labs recently announced definitive agreements to acquire Coinme and Sequence for more than $250 million, expanding its footprint in regulated stablecoin payments and onchain financial services. Together with Polygon, these capabilities form the Open Money Stack, an integrated set of services and technologies designed to move money instantly, reliably, and compliantly between traditional financial systems and onchain rails. Polygon Chain processed more than $7 billion in peer to peer stablecoin volume in November 2025 alone and supports major institutional deployments, including BlackRock’s BUIDL fund.

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Nethermind is a protocol engineering and research team that builds and maintains execution-layer infrastructure and security tooling used to run Ethereum in production. Our work focuses on the institutional requirements that determine whether systems can be deployed safely at scale, including performance under load, upgrade readiness, and verifiable security. Ethena’s USDe became the fastest digital dollar asset in history to reach $10 billion in total value locked, achieving that milestone in 500 days. The protocol’s synthetic dollar approach offers an alternative to traditional fiat-backed stablecoins, with applications spanning treasury management and reward strategies.

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