Circle announces acquisition of Axelar’s initial development team Interop Labs and its intellectual property to accelerate cross-chain interoperability布局
ChainCatcher news, USDC issuer Circle announced that it has signed an agreement to acquire the Interop Labs team and its proprietary intellectual property. The acquisition is expected to be completed in early 2026. Circle looks forward to contributing to the broader field of interoperability and will continue to explore opportunities aligned with its vision for an open, interconnected, and scalable on-chain economy.
Interop Labs has been a core contributor to Axelar, one of the most advanced frameworks in cross-chain communication and token transfer, and has driven Axelar’s core development together with a growing open-source contributor community. By directly integrating Interop Labs’ talent and technology into Circle, the goal is to accelerate two core initiatives: first, Arc—Circle’s enterprise-grade blockchain designed to be an operating system for the internet economy; and second, the cross-chain transfer protocol. It should be clarified that this transaction only involves the Interop Labs team and its proprietary intellectual property. As the team joins Circle, the Axelar network, foundation, and AXL token 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 the related work from Interop Labs.
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