CIRCLE acquires Interop Labs, including the Axelar development team.

Odaily Planet Daily reports that Circle announced on its X platform that it has signed an agreement to bring the Interop Labs team—the initial developers of the leading interoperability stack Axelar—into Circle to accelerate a new chapter in multi-chain infrastructure for Arc and CCTP. Circle looks forward to welcoming the new team members after the transaction is completed.

Axelar Network, Axelar Foundation, and AXL tokens are not included in this acquisition and will continue to operate independently under community governance, with CommonPrefix leading network development.