Capital One agrees to acquire credit card, stablecoin payment enabler Brex

Capital One has announced its agreement to acquire Brex, a company that facilitates credit card and stablecoin payments. This acquisition aims to enhance Capital One's offerings in the fintech space, particularly in serving small and medium-sized businesses. Brex is known for its innovative financial solutions, including expense management and corporate credit cards. The deal is expected to close in the coming months, pending regulatory approvals. Financial terms of the acquisition have not been disclosed.

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