The details of the purchase of IBM’s rights were not disclosed. Circle’s portfolio now includes 680 patent families and 1,000 granted patents worldwide. They cover blockchain, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and cloud operations. The company said the acquisition will help expand the financial system based on USDC, the Circle Payments Network, and its Arc blockchain. Circle and IBM also said they plan additional collaboration. Circle is the issuer of the USDC stablecoin, which, with a market capitalization of $72.4 billion, accounts for 23.3% of the stablecoin market. After the deal with IBM, CRCL shares rose by more than 5%, to $65.7.