Circle's IBM patent deal meaningful, Susquehanna says

Circle Internet

28/07/2026 16:07

** Brokerage Susquehanna says stablecoin giant Circle Internet Group's CRCL.N acquisition of IBM's IBM.N blockchain patent portfolio may be a meaningful strategic development as CRCL looks to commercialize its lead in USDC, the co's dollar-backed stablecoin
** IBM's blockchain patent portfolio comprises about 1,450 active patents, including supply-chain provenance and cryptographic transaction verification - brokerage
** Says IBM's blockchain is built primarily for banks and large companies and its approach is a good fit for Circle's institutional blockchain Arc
** Circle disclosed the acquisition on Monday
** CRCL shares fall 4.38% to $62.54 in today's session
** 14 of 30 brokerages rate the stock "buy" or higher, 14 "hold" and 2 "sell or lower"; median PT is $107.21 - data compiled by LSEG
** Including session moves, stock has fallen 21.2% this year

(Reporting by Prathik Jayaprakash in Bengaluru)
((Prathik.Jayaprakash@thomsonreuters.com))