Exclusive: Late-stage payments company Modern Treasury acquires stablecoin startup Beam for $40 million

By Yahoo! Finance   |   1 month ago
Exclusive: Late-stage payments company Modern Treasury acquires stablecoin startup Beam for $40 million

Payments infrastructure company Modern Treasury, valued at $2.1 billion, has acquired stablecoin startup Beam for around $40 million in an all-stock transaction. This move reflects the growing interest in stablecoins as a stable means of transferring money in the fintech industry.

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