Circle to Go Public in SPAC Deal
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Circle, the company behind the USDC stablecoin, plans to become public via a business combination with Concord Acquisition Corp. The Boston-based fintech company said in a press release that as part of the agreement a new Irish holding company will acquire both Concord and Circle and become a publicly-traded company.

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Jeremy Allaire, Circle's Co-Founder and CEO, says the deal will help Circle to build a"global-scale internet financial services company." The deal between Circle and Concord is expected to close in Q4 2021 as it is still a subject to approval by shareholders of the both companies and other customary closing conditions, including any applicable regulatory approvals.

Circle Brings USDC Stablecoin on TRON Blockchain

The move comes after Circle announced the closure of a $440 million funding round. The company raised funds from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Digital Currency Group, FTX, and many others.

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