Circle (USDC) gives up on its plans to go public at a valuatio | Bitcoin & Crypto Trading

Circle (USDC) gives up on its plans to go public at a valuation of $9B.

According to Jeremy Allaire, the CEO of Circle, the company has terminated its agreement with special-purpose acquisition company Concord Acquisition Corp., thereby stepping back from its plan to go public. Previously the firm had announced plans to go public in July 2021 via a SPAC, with a valuation of $4.5B.

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