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Circle Set to Acquire Taiwanese Blockchain Infrastructure StartUp Cybavo to Leverage Web3 Services

June 11, 2022
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Circle wants to use the extensive suite of blockchain services provided by Cybavo for features such as multichain NFT minting. Payments platform and USDC issuer Circle has agreed to buy crypto infrastructure startup Cybavo for an undisclosed amount. Pursuant to the acquisition deal, Circle will also invest in research and development related to Cybavo while leveraging the infrastructure platform’s development services. Circle is hoping to increase the adoption of its stablecoin as well as Web3 applications through this deal. In addition, the peer-to-peer payments technology company also wants to integrate Cybavo’s tech into its core product offerings. Furthermore, the USDC...
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