Circle announced the acquisition of Axelar's initial development team, Interop Labs, and its intellectual property, accelerating the deployment of cross-chain interoperability
2025-12-15 17:30:45
Circle, the publisher of USDC, announced that it has signed an agreement to acquire the Interop Labs team and their proprietary intellectual property. The acquisition is expected to close in early 2026. This transaction involves only the Interop Labs team and their proprietary intellectual property. With the team joining Circle, the Axelar network, foundation, and AXL tokens will continue to operate independently under community governance, and open-source intellectual property will remain open. Common Prefix, another contributor to the Axelar project, will take over from Interop Labs.
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