USD Coin Backer Circle Set To Go Public With SPAC

#crypto #bitcoin

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.

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OhNoCrypto

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, @KhareemSudlow