Cryptocurrency firm Circle to float in US in $4.5bn merger deal

Operator behind USD Coin will merge with company chaired by former Barclays chief executive Bob Diamond

Circle, the company behind digital currency USD Coin, is to float in the US in a $4.5bn (£3.27bn) merger deal with a company chaired by former Barclays chief executive Bob Diamond.

It will merge with Concord Acquisition Corp, which is chaired by Diamond, with the combined business to be taken over by a newly formed Irish holding company that will then list on the New York Stock Exchange.

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