- Circle is going public later this year through a SPAC merger with Concord Acquisition Corp. at a valuation of $9 billion.
- The company is providing an innovative payment infrastructure for businesses through its own USDC and APIs.
- The total addressable market for B2B crypto payment is huge and the adoption for stable coin is increasing rapidly with USDC in circulation more than doubled year over year.
- I believe the company is a buy as it is showing strong growth and the opportunity is massive going forward.
For further details see:
Circle: A Compelling Crypto SPAC