Stablecoin developer Circle has announced plans to enter the New York Stock Exchange (NYSE) under CRCL
Circle officials said the company will go public through a merger with Concord Acquisition Corp. After the merger, Circle will be valued at $ 4.5 billion.
Circle– is the developer of the stablecoin USD Coin (USDC), the second largest stablecoin after Tether (USDT).
Earlier this year, Circle co-founder Jeremy Alleir predicted that USDC will surpass PayPal in transaction volume in the not too distant future.
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Based on materialscointelegraph.com
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