French stablecoin card issuer Kulipa has stopped operations, affecting around twenty wallets and fintechs. Several partners, including the Ready wallet and Solflare, announced the interruption of their cards linked to Kulipa. The company claims it is not ceasing operations but undergoing an acquisition, with the service disruption resulting from a failed migration with its banking partner. Kulipa had raised $6.2 million in April during a funding round led by Flourish Ventures and 1kx. The timeline for service restoration remains unknown at this stage.
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