Stripe has acquired the team behind Valora, a mobile self-custody stablecoin wallet, to enhance its stablecoin business. Valora's founder, Jackie Bona, stated that the team will join Stripe to advance global financial accessibility. The terms of the deal, including the number of team members joining, were not disclosed. The acquisition does not include Valora's core technology, which will continue to be operated by cLabs. Valora, established in 2021, is designed for the Celo ecosystem.
Stripe Acquires Valora Team to Boost Stablecoin Operations
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