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.

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