Crypto finance firm to go PUBLIC – Circle valued at $4.5BN!
USDC stablecoin backer Circle had raised $440MN last month in one of the biggest funding rounds in crypto history – announcing on Thursday they will go public.
Circle had declined to comment on a potential valuation at the time, fellow stablecoin issuer Paxos was valued at $2.4BN after raising $300MN.
USDC, the stablecoin jointly administered with Coinbase has seen a surge in popularity, with a circulating supply of nearly $26BN – seen by some as the safer option to the industry-leading USDT.
Source: RT News
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