Circle announced it has signed an agreement to acquire the Interop Labs team and intellectual property. Interop Labs is the core development team behind Axelar, a key infrastructure project focused on cross-chain interoperability. This strategic acquisition marks Circle's expansion into cross-chain communication solutions and strengthens its position in the Web3 ecosystem. The deal combines Circle's stablecoin and payment expertise with Axelar's interoperability technology, potentially accelerating adoption of seamless multi-chain interactions.
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DarkPoolWatcher
· 22h ago
Oh my, Circle is causing trouble again. I really didn't expect Axelar to be acquired in this wave.
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BlockTalk
· 12-15 22:03
Circle is up to something again, this time directly poaching Axelar people.
Wait, is this really acquiring the team or just putting a name on it?
It seems that ultimately, interoperability issues will have to be handled by Circle to integrate everything.
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OffchainOracle
· 12-15 22:02
Circle is starting to spend money again to buy into the race tracks, this time it's Axelar... alright, stablecoins + cross-chain, the combination looks pretty good
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SillyWhale
· 12-15 21:59
Circle's integration of cross-chain ideas is pretty good, but it feels like the old story of big fish eating small fish.
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AirdropHuntress
· 12-15 21:48
Circle acquires Axelar core team? After research and analysis, there's something interesting behind this deal... Stablecoins + cross-chain infrastructure, what game is the capital playing?
Circle announced it has signed an agreement to acquire the Interop Labs team and intellectual property. Interop Labs is the core development team behind Axelar, a key infrastructure project focused on cross-chain interoperability. This strategic acquisition marks Circle's expansion into cross-chain communication solutions and strengthens its position in the Web3 ecosystem. The deal combines Circle's stablecoin and payment expertise with Axelar's interoperability technology, potentially accelerating adoption of seamless multi-chain interactions.