Circle signed a SPA with a market capitalization of $58 billion.

Gate News bot message, Circle achieves a valuation of $58 billion through a merger agreement with Concord Acquisition Corp's SPA. This deal reflects the current market demand for stablecoins.

According to public disclosures, Circle announced on July 8 that it has reached a SPAC merger agreement with Concord Acquisition Corp. As one of Circle's main businesses, USDC has reached an issuance of $26 billion to date, occupying an important position in the stablecoin market.

Source: panewslab