Circle Acquires Nearly 1000 Blockchain Patents from IBM

Circle, a leading digital financial services company, has acquired nearly 1000 blockchain patents from IBM. The deal includes over 680 patent families and is a significant move for Circle in its efforts to solidify its position as a major player in the US market.

The exact financial terms of the deal have not been disclosed, but Circle's CEO made a statement about the implications of this acquisition.

Circle claims that this deal makes it the largest blockchain company in the US and will bolster its infrastructure for its stablecoin USDC, as well as its Payments Network and Arc blockchain.