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Benzinga

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Chris Katje

SHOCKING: Could terra s stablecoin struggles affect the circle spac deal and valuation - You Need To See This

SPAC Circle Terra USDC Janet Yellen Cryptocurrency

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.

What Happened: A SPAC deal could face hurdles getting approved given the current climate on stablecoins. Circle announced a SPAC merger with Concord Acquisition Corp (NYSE:CND) back in July 2021 and has yet to file a merger vote date.

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One subscription that gives you access to news from hundreds of sites

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