USD Coin Backer Circle Set To Go Public With SPAC

Jul 8, 2021 | Decrypt News | 0 comments

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.

News Source from Decrypt.co

Related Articles

Decentralized and centralized finance need to collaborate

Decentralized and centralized finance need to collaborate

CeDeFi presents a new financial system and it should be built by using the best of each other, with DeFi leading and CeFi contributing. Decentralized finance, or DeFi, has established itself as a force capable of disrupting traditional systems. While DeFi still mostly...

Pin It on Pinterest

Share This