Circle Acquires Blockchain Patents from IBM
Stablecoin issuer Circle Internet Financial (CRCL) has acquired nearly 1,000 blockchain-related patents from IBM in a significant move to bolster its intellectual property portfolio. The acquisition includes over 680 patent families covering areas such as blockchain technology, financial services, cloud security, and enterprise infrastructure. This purchase positions Circle as the largest holder of U.S.-based blockchain patents. The deal is expected to support the development of USD Coin (USDC), along with other platforms like the Circle Payments Network and Arc blockchain. IBM had previously been among the top holders of such patents in the United States, alongside institutions like Bank of America.
Topics: blockchain Circle IBM patents stablecoins