Circle announced today the acquisition of the initial development team from Interop Labs and its intellectual property, with the closing expected in early 2026.
Interop Labs has been key in the development of Axelar, a leading framework for token transfer and cross-chain communication. The transaction only includes the team and the IP; the Axelar network, foundation, and AXL token will continue to operate independently under its community governance, while Common Prefix will take over the activities of Interop Labs.
The move will enable Circle to accelerate two strategic initiatives: Arc, its enterprise-focused Layer 1 blockchain designed as an economic operating system for the internet, and the Cross-Chain Transfer Protocol (CCTP), which facilitates asset transfers across different blockchains.
The integration aims to expand the interoperability of assets issued on Arc, improve the developer experience and SDKs for multichain applications, and boost application development within the Circle ecosystem.
Executives highlighted that incorporating the Interop Labs team will strengthen the Arc and CCTP roadmaps, reinforcing the company’s vision of building an open, connected, and scalable on-chain economy. USDC and other infrastructure products already support multichain operations, and this acquisition enhances the capacity for blockchain connectivity and financial services across multiple networks.
Circle aims to be a leader in interoperability within the blockchain ecosystem, accelerating the adoption of secure and scalable solutions that allow users and businesses to move assets seamlessly across chains.
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