USDC - Crypto startup Circle is said to evaluate potential SPAC deal after $440M fundraising round

Crypto startup Circle, the company behind USD Coin (USDC), raised $440M in a funding round and the company is said to be considering a SPAC transaction.The funding round included investors such as Fidelity, FTC, Digital Currency Group, Marshall Wace, Valor Capital and others, according a report from The Block. The company is targeting a valuation of $4B.The latest funding round follows a $25M investment last July led by Digital Currency, according to a Coindesk report. The report said that Circle had raised $246M over seven funding rounds with Digital Currency having been an investor since early 2014.Circle didn't immediately return Seeking Alpha request for comment.In late March, Visa said it will start allowing transaction settlement in USDC stablecoin.

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Crypto startup Circle is said to evaluate potential SPAC deal after $440M fundraising round