USD Coin Backer Circle Set To Go Public With SPAC

USD Coin Backer Circle Set To Go Public With SPAC

Circle, the company behind the USD Coin stablecoin (USDC) has announced that it will go public through a deal with special purpose acquisition corporation (SPAC) Concord Acquisition Corp.

Via the deal, Circle will be valued at $4.5 billion. The USDC backer raised a whopping $440 million in a funding round last month.

This is a developing story, check back for updates.

Source