{"id":62768,"date":"2022-06-10T19:55:08","date_gmt":"2022-06-10T16:55:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62768"},"modified":"2025-09-05T19:56:33","modified_gmt":"2025-09-05T16:56:33","slug":"circle-agrees-to-acquire-crypto-startup-cybavo","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/circle-agrees-to-acquire-crypto-startup-cybavo\/","title":{"rendered":"Circle agrees to acquire crypto startup Cybavo"},"content":{"rendered":"<p>The Circle, the company behind the USD Coin (USDC) stablecoin, has signed a definitive agreement to acquire the cryptocurrency startup Cybavo.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Circle signed an agreement to acquire <a href=\"https:\/\/twitter.com\/cybavo?ref_src=twsrc%5Etfw\">@cybavo<\/a>! Once the deal closes, Circle plans to integrate CYBAVO\u2019s non-custodial digital asset customer solution with Circle Products and expand enterprise and developer services. <a href=\"https:\/\/t.co\/Kh35nA2tVN\">https:\/\/t.co\/Kh35nA2tVN<\/a><\/p>\n<p>\u2014 Circle (@circlepay) <a href=\"https:\/\/twitter.com\/circlepay\/status\/1535207641873530880?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cybavo positions itself as an infrastructure platform aimed at institutional clients. The startup offers a range of services, including crypto custody and staking. Its clients include Bitcoin exchanges, NFT- and gaming platforms, as well as DeFi protocols.<\/p>\n<p>According to Circle chief executive Jeremy Allaire, the acquisition will allow the company to expand its technological capabilities and client base. Terms of the deal were not disclosed.<\/p>\n<p>According to The Block, Cybavo raised $4 million in August 2021.<\/p>\n<p>In the same month Allaire said <a href=\"https:\/\/u1f987.com\/en\/news\/circle-to-become-a-national-full-reserve-digital-currency-commercial-bank\">Circle would become a &#8216;commercial cryptocurrency bank with full reserves&#8217;<\/a>. In spring 2022 he said <a href=\"https:\/\/u1f987.com\/en\/news\/circle-to-seek-us-crypto-bank-license-in-the-near-future\">plans to apply for a license<\/a> &#8216;in the near future&#8217;.<\/p>\n<p>In April, Circle announced talks to raise $400 million with the participation of BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital.<\/p>\n<p>Subscribe to ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Circle behind the USD Coin (USDC) stablecoin has signed a definitive agreement to acquire the Cybavo cryptocurrency startup.<\/p>\n","protected":false},"author":1,"featured_media":62769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1235],"class_list":["post-62768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62768"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62768\/revisions"}],"predecessor-version":[{"id":62770,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62768\/revisions\/62770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62769"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}