Circle signs agreement to acquire Interop Labs team & intellectual property to accelerate the next chapter of multichain infrastructure with Arc and CCTP. However, The Axelar Network, Foundation and AXL token are not part of this acquisition and will continue to operate independently under community governance. Tokenholders who funded the team get nothing.

"Interop Labs has been a leading contributor to Axelar, one of the most advanced frameworks for secure crosschain messaging and token transfer, and has collaborated with a growing community of open-source contributors to Axelar core development. By integrating Interop Labs’ talent and technology directly into Circle, we aim to accelerate key initiatives across Arc, an open L1 blockchain designed to become the Economic OS for the internet, and Circle CCTP."

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