Circle has signed an agreement to acquire Interop Labs, enhancing its crosschain infrastructure and support for multichain applications. This move will integrate Interop Labs’ technology into Circle’s Arc blockchain and Cross-Chain Transfer Protocol.
While Circle strengthens its offerings, the Axelar Network and AXL token will remain independent, governed by a community. This approach ensures continuity in its open-source development supported by Common Prefix.
The acquisition aims to boost interoperability for assets on Arc and enhance development tools for multichain applications, enabling faster transactions and improved user functionalities.
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