NYSE:CRCLSoftware
Circle (CRCL) Acquires 1,000 IBM Blockchain Patents For USDC Push
Circle Internet Group (NYSE:CRCL) has acquired nearly 1,000 blockchain patents from IBM.
The deal is aimed at supporting the company’s USDC stablecoin and related financial tools.
This move adds a large portfolio of crypto infrastructure intellectual property to Circle’s existing platform.
Circle Internet Group is making this move at a time when the stock has come under pressure. NYSE:CRCL closed at $61.36, with the share price down 7.3% over the past week, 19.2% over the past month, and...