Crypto financial services company Circle says it is going public via a SPAC merger at a $4.5B valuation
that will put both members of USDC's Centre Consortium (Coinbase is the other) on the public markets. https://www.coindesk.com/... @mayazi : Huge! the implications of a Circle SPAC on crytpro can't be understated: * Circle taking advantage of a SPAC's regulatory ease seems a advantageous. i.e. they'd rather go public now rather than after regulatory clarity as to the status of stablecoins https://www.coindesk.com/...
CoinDesk Zack Seward
Related Coverage
- View article Morning Brew
- Circle to go public through a business combination with Concord Acquisition Corp, supported by over $1.1B in capital PR Newswire
- Crypto and blockchain firm Circle to go public, raising funds via SPAC deal on $4.5B valuation SiliconANGLE
- Stablecoin issuer Circle to go public in US$4.5B SPAC deal Forkast
- Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition MarketWatch
- Stocks Open Sharply Lower As Investors Assess Economic Growth: Markets Wrap Blockworks
- USDC's Circle will go public via New York Stock Exchange CoinGeek
Discussion
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@jerallaire
Jeremy Allaire
on x
1/7 Today, we announced that we have signed definitive agreements for a transaction that will result in Circle becoming a publicly listed company on the NYSE trading under the ticker CRCL. https://www.circle.com/...
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@jason
@jason
on x
congrats to @jerallaire and the Circle team! https://www.coindesk.com/...
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@producthunt
@producthunt
on x
Circle is looking to go public through a SPAC deal that values the company at $4.5B. The company is the main operator of the stablecoin USDC w/ a circulation of $25B. USDC is tied to the US dollar Circle's deal lists USDC circulation of $190B by 2023. https://www.coindesk.com/...
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@pillar_vc
Pillar VC
on x
Congratulations to @CirclePay and CEO @jerallaire on their definitive agreement to become a public company! 🎉 Through the transaction, Circle will have raised more than $1.1B in capital and be valued at an enterprise value of $4.5 billion. Learn more 👇 https://www.circle.com/...
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@nope_its_lily
Lily
on x
Woah. USDC is going public. h/t @tarunchitra https://twitter.com/...
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@jerallaire
Jeremy Allaire
on x
3/7 With the ultimate completion of this transaction and our recent financing, Circle will have raised over $1.1B, providing the company with the capital needed to build and execute our mission.
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@sytaylor
Simon Taylor
on x
The principal provider of a stablecoin is going public. This is a huge signal of legitimacy for the industry. Circle listing is v different to Coinbase. Less based on consumer trading and fees. Much more on infra and USD yeild. https://twitter.com/...
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@cryptowendyo
Wendy O
on x
Another crypto company becomes publically listed Overall this is a good thing I think this will help push the USA to roll out clear crypto guidelines for the average person and ofc help with the Fedcoin that is coming https://twitter.com/...
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@charlieshrem
Charlie Shrem
on x
Circle is the ultimate comeback story going back to 2013. Congrats @jerallaire you are a true OG! https://twitter.com/...
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@thestalwart
Joe Weisenthal
on x
Bitcoiners talk a lot about “hyperbitcoinization” and an entire economy being run on a Bitcoin baselayer. But this is going to be, potentially, a big company doing payments stuff that uses Ethereum as one its main rails. https://twitter.com/...
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@zackseward
@zackseward
on x
There are $26 billion USDC in circulation now. Circle expects there to be $190 billion in circulation by 2023. Wow. https://twitter.com/...
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@djohnson_cpa
Daniel Johnson
on x
#SPAC Deal - $CND DA w/ @circlepay, a “global financial technology firm that provides payments and treasury infrastructure” '21 proj. - $115M rev. '22 proj. - $407M rev. / 253% ⬆️ $4.5B EV / $415M PIPE Presentation - https://www.circle.com/... Press - https://www.prnewswire.com/.…
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@altcoin_alerts
@altcoin_alerts
on x
BREAKING: USDC Stablecoin Issuer Circle is Going Public at $4.5 Billion Valuation. Circle will be the 2nd company which deals in #crypto to go public. #USDC ▪️Press Release: https://www.prnewswire.com/...
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@ahcastor
Amy Castor
on x
Jeremy Allaire is looking to take Circle public — that will put both members of USDC's Centre Consortium (Coinbase is the other) on the public markets. https://www.coindesk.com/...
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@mayazi
@mayazi
on x
Huge! the implications of a Circle SPAC on crytpro can't be understated: * Circle taking advantage of a SPAC's regulatory ease seems a advantageous. i.e. they'd rather go public now rather than after regulatory clarity as to the status of stablecoins https://www.coindesk.com/...