Circle, the company behind the USD Coin stablecoin (USDC) has announced that it will go public through a deal with special purpose acquisition corporation (SPAC) Concord Acquisition Corp.

Via the deal, Circle will be valued at $4.5 billion. The USDC backer raised a whopping $440 million in a funding round last month.

This is a developing story, check back for updates.

Source: Decrypt.co