Wormhole Foundation Offers $120M USDC to Acquire Stargate

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.

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