Circle IPO further legitimizes encryption in front of regulators and outsiders Author: Cointelegraph

Circle IPO further legalizes encryption before regulators and outsiders

With China’s crackdown on cryptocurrencies, deteriorating investor sentiment, and the chairman of the Federal Reserve Board criticizing stablecoins, there is nothing to cheer about in the crypto sector recently, but Circle Internet Finance IPO announcement Data from mid-July shows that a crypto startup is still capable of attracting billions of dollars in new investment.

After the merger of Circle and Concord Acquisition Corp, a special purpose acquisition company, Circle is valued at US$4.5 billion. The combined entity is expected to be listed on the New York Stock Exchange before the end of this year under the ticker symbol CRCL.