Cryptocurrencies
Stablecoin Issuer’s SPAC Deal Value Doubles to $9 Billion
- Transaction was valued at $4.5 billion when announced in July
- Market value of USD Coin has doubled since agreement unveiled
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Circle Internet Financial, the issuer of the cryptocurrency USDC stablecoin, said the terms of its planned merger with special purpose acquisition company Concord Acquisition Corp. have changed and the value of the transaction has doubled to $9 billion.