USDC Backer Circle to Go Public in SPAC Deal

Name: USDC Backer Circle to Go Public in SPAC Deal
Uploaded: 2021-07-08T19:44:53Z
Duration: 3 min 238 s
Description: Amid much debate on the outlook for stablecoin regulation, Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal.

Jul 8, 2021

Amid much debate on the outlook for stablecoin regulation, Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal.

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Amid much debate on the outlook for stablecoin regulation, Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal. “Circle has a huge opportunity to provide more transparency than any other stablecoin issuer,” CoinDesk’s Nikhilesh De said. De also shares insights into China’s concerns about stablecoins posing a risk to its financial system.

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