Payment infrastructure company Modern Treasury has acquired stablecoin startup Beam in an all-stock deal worth approximately $40 million. This acquisition represents a significant move for Modern Treasury, valuing the startup at $2.1 billion and positioning it to enter the stablecoin payment sector. As part of the agreement, Beam’s founders are joining Modern Treasury to facilitate this expansion. Beam, founded in 2022, provides software solutions for banks and businesses to manage their cash flow via stablecoins. Modern Treasury, a Y Combinator graduate from the summer of 2018, aims to become a one-stop shop for businesses seeking efficient and comprehensive financial management services.