In Crypto: Circle abandons $9bn SPAC merger plan

The company behind stablecoin USDC has terminated a $9 billion SPAC merger which would have seen it float on the New York Stock Exchange.  Circle announced plans in July 2021 to merge with Concord Acquisition Corp – specially created for the deal – with both entities acquired by a new Irish holding company. Co-founder Jeremy … Continue reading In Crypto: Circle abandons $9bn SPAC merger plan