CoinGecko Directory logo CoinGecko Directory logo
Seeking Alpha 2022-06-08 23:32:39

Circle: A Compelling Crypto SPAC

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.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.