NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

SPAC Filing Shows USDC Is Only Circle’s Second-Biggest Contributor

Published 07/09/2021, 06:25 AM
Updated 07/09/2021, 06:30 AM
SPAC Filing Shows USDC Is Only Circle’s Second-Biggest Contributor

  • Circle would go public utilizing a special purpose acquisition company (SPAC).
  • USDC is only the second-biggest contributor to the top line.

Mostly Circle revolves around USD coin (USDC), the stablecoin it developed in collaboration with Coinbase. As per an investor presentation, Circle will go public utilizing a special purpose acquisition company (SPAC), the company has three lines of business, all creating growing revenue. Among those, USDC is only the second-biggest contributor to the top line.

Moreover, Circle has been important on the more corporate and institutionally aimed side of the crypto industry. Furthermore, initiated by Jeremy Allaire and Sean Neville as a peer-to-peer payment firm that had a strong bitcoin orientation. More so, it has evolved into an infrastructure firm supporting most blockchain companies. In addition, infrastructure work appears to be its strongest area for the growth of ...

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.