USD Coin’s Circle Going Public via SPAC
Circle, the company behind cryptocurrency USD Coin (USDC) is planning on going public via a SPAC. SPACs (special purpose acquisition company) are companies startups merge with to go public. Merging with a SPAC is a popular alternative to an IPO, as there is less regulatory scrutiny and more control over valuation. Circle is planning on going public by merging with a SPAC, according to a blog post by Jeremy Allaire, Co-Founder, Chairman and CEO. I am writing to share with you an exciting and significant milestone in our journey as…
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