Cryptocurrencies

Stablecoin Issuer Circle Announces $4.5 Billion SPAC Deal

Deal with Bob Diamond’s Concord was driven by growth: Allaire
USDC currently eighth-largest cryptocurrency by market cap

WATCH: Jeremy Allaire, CEO of Circle, and Bob Diamond, CEO of Concord Acquisition Corp., dive into Circle's $4.5 billion valuation.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Brandon Kochkodin

July 8, 2021 at 12:55 PM UTC

Updated on

July 8, 2021 at 10:10 PM UTC

This article is for subscribers only.

Follow @crypto Twitter for the latest news.

Circle, the issuer of the USDC stablecoin, is set to go public in a merger with special purpose acquisition company Concord Acquisition Corp.