USDC stablecoin issuer Circle acquires payments firm Elements

Circle has acquired payment services firm Elements as it looks to scale its own offerings.

The crypto payments firm and USDC issuer announced the acquisition at an event in San Francisco on Thursday.

The terms of the deal were not disclosed.

Elements founder and CEO Nafis Jamal said that the acquisition would “create an opportunity to deliver a seamless and low-cost payments and settlement experience for merchants using a digital currency they can trust.”

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