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Payments firm Modern Treasury acquires stablecoin startup Beam for $40 million

2025-10-22 13:01

Payments company Modern Treasury announced it has acquired stablecoin startup Beam for $40 million. According to a person familiar with the matter, the acquisition is an all-stock transaction. Founded in 2022, Beam provides software for banks and other businesses to send and receive stablecoins (cryptocurrencies pegged to underlying assets such as the US dollar). (Fortune)

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