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).
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