Circle Internet Financial, the issuer of stablecoin USDC (USDC-USD), has agreed to acquire Taiwan-based CYBAVO, a cryptocurrency firm that provides platforms for digital asset custody and blockchain application development. Financial terms and timing of the deal were not disclosed. In partnership with CYBAVO, Circle is aiming to advance the adoption of USDC (USDC-USD) and web3 applications while integrating the technology into its core product offerings, the company said Friday. Note that "Crypto Platform Services" have emerged alongside firms looking to build on web3, a decentralized version of the internet, Circle said. The emerging service helps developers to not have to worry about fundamental digital asset security, operations and blockchain infrastructure management. CYBAVO is "unlocking value for developers and operators across nearly every major sector impacted by crypto and Web3," said Circle CEO and Co-Founder Jeremy Allaire. "That will help Circle create new opportunities for enterprise and developer services while also
