However, the USDC issuer still wants to go public at some point.
Fintech company and USDC issuer Circle has terminated a business combination deal with special purpose acquisition company Concord Acquisition Corp., but it has not scrapped its plan to go public.
on Monday . The decision was mutual between both parties, with the termination approved by Circle’s and Concord’s boards of directors. Although the deal has fallen through, Circle co-founder and CEO Jeremy Allaire said the firm still has plans to be a public company. The exec added:“Concord has been a strong partner and has added value throughout this process, and we will continue to benefit from the advice and support of Bob Diamond and the broader Concord team.
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