BREAKING: Stablecoin firm Circle to go public in $4.5B blank-check deal
Backed by American investment bank Goldman Sachs, Circle is a major stablecoin partner of payment giant Visa. Circle, a Goldman Sachs-backed fintech company focused on stablecoin development, has reportedly announced plans to go public.The company said it would go public through a merger with an unnamed blank-check company in a deal that values at $4.5 billion, Reuters reported Thursday.Circle is principal developer of USD Coin (USDC), the second-largest stablecoin after Tether (USDT). In late May, the company raised $440 million in private investment from an array of private equity,....
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On Thursday, US-based financial firm Circle announced that its new SPAC deal with Concord Acquisition Corp to list on Wall Street had ballooned its value to $9 billion. Concord, a blank-checked company, is led by former Barclays boss, Bob Diamond. Circle, a blockchain-based payment company pegged with stablecoin USDC, described that it had prepared plans to […]
The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go Public The payments technology company Circle founded by Sean Neville and Jeremy Allaire in 2013 plans to go public soon. The company headquartered in Boston, Massachusetts has operated numerous services during the last eight years and more recently it launched the usd coin....
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s Stablecoin Is a ‘Very Efficient Pipe Between Legacy Electronic Dollars and Digital Currency Dollars’ The two largest stablecoin providers, Tether and Circle, want the public to be assured that tether (USDT) and....
The Ether Machine, an Ethereum treasury firm, has confidentially submitted a draft registration statement on Form S-4 with the US Securities and Exchange Commission as part of a planned merger with blank-check firm Dynamix Corporation. Related Reading: Israel’s Counter-Terror Unit Flags Large Stablecoin Flows Linked To Iran Reports have disclosed the move as the next […]
The bitcoin mining startup Primeblock has announced plans to go public via a special purpose acquisition company (SPAC) deal. Primeblock will merge with a blank-check firm 10X Capital Venture Acquisition Corp. II, and the company’s shares will be listed on Nasdaq.
Primeblock Reveals SPAC Merger With Plans to Be Listed on Nasdaq in the Second Half of 2022 — SEC Targets SPACs, Shell Companies, and Projections
Another bitcoin mining firm is going public and will be listed on the Nasdaq stock exchange. Primeblock revealed a SPAC merger with 10X Capital and the....