Circle’s valuation doubles to $9B following revised merger agreement with Concord By Cointelegraph

(USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020.

Circle announced Thursday that it had terminated its previous business combination terms with Concord and reached a new agreement that is expected to be finalized by December 8, 2022, with the possibility of it being extended to January 31, 2023. As Cointelegraph reported, Circle and Concord first announced their merger plans in July 2022.