USDC stablecoin issuer Circle will go public via a blank cheque company Concord Acquisition Corp., according to Bloomberg. The deal values the company at $4.5 billion
- Circle’s deal happens weeks after a funding round a few weeks ago where it raised $440 million
- Concord’s Chairman Bob Diamond considers Circle a pioneer of trusted digital currencies in the wider global financial system.
- Circle CEO Jeremy Allaire expects the public debut to allow the company to access capital and relationships needed to steer it as a global-scale internet services firm.
USDC ranks as the eight-largest digital asset with $26 billion market capitalization and is the second among stablecoins.
USDC is up +0.01%.