Stablecoin Provider Circle Is Not Going Public After All As The Spac Deal Collapses
With the entire crypto sphere suffering from periodic spasms of volatility in the wake of the FTX exchange’s spectacular fall from grace, this is not the time to go public. It is for this reason that Circle’s abandonment of its public flotation plans today is being met with stoic acceptance and a reflection of ground realities. As a refresher, Circle is a US-registered financial services company that is behind the popular stablecoin, USD Coin (USDC)....