[Stripe Acquires Valora Team to Expand Stablecoin Business] Foresight News reports that payment company Stripe has acquired the crypto wallet startup team Valora (team integration, not a technical asset acquisition) to strengthen its strategic layout for global financial system accessibility. Valora's technology and applications will not be acquired along with the team but will return to Celo's core development organization, cLabs, to continue independent operations. Launched in 2021, Valora is a mobile self-custody crypto wallet specifically designed for Celo chain stablecoin users. It has received investments from institutions such as a16z and Polychain and has collaborated with M-Pesa, Tether, and others to promote global stablecoin adoption.