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USDC-Operator Circle Plans to go Public, Valued at $4.5 billion

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USDC Backer Circle to Go Public in SPAC Deal

USDC Backer Circle to Go Public in SPAC DealAs Circle plans to go public, the operator of one of the world’s fastest-growing stablecoin—USDC– is now valued at a whopping $4.5 billion, a press release on July 8 indicates. Concord and Circle Join Hands The stablecoin backer will combine business with Concord Acquisition Corp, an NYSE-listed special purpose vehicle (SPV) with $276 million in trust.

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