Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption -Breaking
Circle buys Cybavo Web3 Platform, increasing stablecoin adoption
Circle, a peer–to-peer financial service firm has acquired Cybavo (a platform that allows for the creation of digital asset infrastructure platforms). Circle will now be able offer infrastructure as a service to companies looking to get involved in Web3.
The platform will allow developers to focus on developing their products and not have to deal with digital asset operations or security. Circle and CYBAVO will promote (according to the Friday press release) the further adoption ofUSDCWeb3 apps and integrating it into their core product line.