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Payment company Modern Treasury acquires stablecoin startup Beam for $40 million
Summary: Payment company Modern Treasury has announced the acquisition of stablecoin startup Beam for $40 million, according to a source familiar with the matter. The acquisition, established in 2022, was an all-stock transaction. Beam provides software for banks and other businesses to send and receive stablecoins (cryptocurrencies pegged to underlying assets like the US dollar).
Payment company Modern Treasury has announced the acquisition of stablecoin startup Beam for $40 million, according to a source familiar with the matter. The acquisition, established in 2022, was an all-stock transaction. Beam provides software for banks and other businesses to send and receive stablecoins (cryptocurrencies pegged to underlying assets like the US dollar).
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Link: Payment company Modern Treasury acquires stablecoin startup Beam for $40 million [Copy]
