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Stablecoin issuer Circle cancels its IPO plan

The amicable termination follows more than a year and a half of discussion about Circle’s prospective multibillion-dollar listing terms. Stablecoin USDC’s creator, Circle, has canceled its contract with special-purpose acquisition firm Concord Acquisition Corp. and abandoned its aim to go public. The move was accepted by the boards of both companies, the company reported on…

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