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Payment company Modern Treasury acquires stablecoin startup Beam for $40 million

Payment company Modern Treasury acquires stablecoin startup Beam for $40 million

ChaincatcherChaincatcher2025/10/22 13:11
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ChainCatcher news, according to Fortune, payment company Modern Treasury announced the acquisition of stablecoin startup Beam for $40 million. According to a person familiar with the matter, this acquisition is an all-stock deal.

Beam was founded in 2022 and provides software for banks and other enterprises to send and receive stablecoins (cryptocurrencies pegged to underlying assets such as the US dollar).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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