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via Decrypt · By Decrypt Editorial
Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg
DE
Decrypt Editorial(01:48 PM UTC)
1 min read
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0 commentsIn brief
- Kraken parent Payward Inc. agreed to pay $600 million for Reap Technologies, a Hong Kong-based stablecoin payments provider.
- The deal combines cash and stock, with Payward issuing shares at a $20 billion valuation, according to co-CEO Arjun Sethi.
- Reap specializes in cross-border payments using stablecoins, targeting Asian markets for cryptocurrency payment infrastructure.
Payward Inc.…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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