CoinDesk·3 min read·medium
Jack Mallers steps down as XXI Capital CEO as Tether's plans to merge three bitcoin firms falls
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Francisco Rodrigues
✦AI Summary
Jack Mallers has stepped down as CEO of XXI Capital to focus on his bitcoin payments firm, Strike, following the collapse of a proposed merger involving Tether. XXI Capital is now pivoting its strategy toward business acquisitions and bitcoin-backed lending services.
Mallers stepped down effective July 20 to focus on Strike, the bitcoin payments firm he founded. Strike will remain independent and is no longer being considered for a business combination with Twenty One, according to a press release .
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