Payment company Modern Treasury acquires stablecoin startup Beam for $40 million
ChainCatcher news, according to Fortune, payment company Modern Treasury announced the acquisition of stablecoin startup Beam for $40 million. According to a person familiar with the matter, this acquisition is an all-stock deal.
Beam was founded in 2022 and provides software for banks and other enterprises to send and receive stablecoins (cryptocurrencies pegged to underlying assets such as the US dollar).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"1011 Insider Whale" goes short on 700 BTC, worth approximately $76 million
GRNY, under Tom Lee, discloses holding Tesla stocks worth $105.9 million
