Wormhole Foundation has announced its intention to acquire Stargate with an initial offer of at least $120 million in USDC, surpassing LayerZero's $110 million bid. The all-cash deal aims to provide $STG holders with maximum certainty and immediate liquidity, eliminating delays and exchange risks. This move follows Wormhole's previous request to suspend the vote on LayerZero's acquisition of STG.
Wormhole Foundation Offers $120M USDC to Acquire Stargate
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