1/ The Wormhole Foundation has arranged financing and is prepared to make an initial offer of at least $120M USDC for @StargateFinance, exceeding the initial $110M ZRO bid. An all-cash purchase provides $STG holders with maximum certainty and immediate liquidity. No delays and no conversion risk.
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The Wormhole Foundation is committed to keeping the @StargateFinance community updated on where we are in the bidding process. We will provide regular updates throughout the process:
Thank you to the @StargateFinance leadership team for reaching out and engaging in the appropriate consideration of our acquisition bid.
At the WF, we have respect for the @StargateFinance protocol, its team, and especially its holders. Stargate is a leader in multichain asset transfers. That's why we're stepping up with our intent to acquire Stargate – to ensure holders get the fair deal they deserve.View quoted post on X
At the WF, we have respect for the @StargateFinance protocol, its team, and especially its holders. Stargate is a leader in multichain asset transfers. That's why we're stepping up with our intent to acquire Stargate – to ensure holders get the fair deal they deserve.
Wormhole Foundation joins the ERC3643 Association to help shape the future of tokenized finance.
The collaboration will accelerate compliant RWA adoption and institutional-grade tokenization across the internet economy.
The collaboration will accelerate compliant RWA adoption and institutional-grade tokenization across the internet economy.