Circle, the issuer of the USDC Coin (USDC) stablecoin, has announced plans to focus on the company's expansion and will increase staff size following the cancellation of its SPAC merger with Concord Acquisition Corp.
Circle Turns to Growth and Expansion
Circle, one of the biggest names in the crypto industry, is taking a different route after the SPAC (special purpose acquisition company) deal that would have valued the company at an estimated $9 billion got canceled in December.The stablecoin issuer has now focused on growth initiatives that will see the company expand its services and offerings to customers. Circle's expansion would see the company offer more than just stablecoins.
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