Alternative Investment Posts
Cryptocurrency firm Circle announced last week it plans to become a public company by merging with a SPAC, Concord Acquisition Corp, backed by former Barclays executive Bob Diamond. The deal values the company at $4.5 billion and includes $415 in PIPE financing. In its prior round, Circle had raised $440 million, bringing its total its war chest to $1.1 billion.
Circle is the entity behind USDC, the fast-growing stablecoin. While concerns about the reserves and transparency of Tether pe
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