USDC usage

Gemini DollarGemini Dollar
$1.00
‑0.14%
self.Gemini1m ago
Tether has been maligned and most DeFi use USDC but [it seems to be a SPAC funded company](https://www.theinformation.com/articles/circle-s-spac-deal-gets-more-circuitou) now. Does that detract? Extract as was told link posted below is not working `The issuer of U.S.-dollar pegged cryptocurrency USD Coin said Tuesday it had closed a $400 million private fundraising round led by prior investor Fidelity Management and Research that included new participant BlackRock and hedge fund manager Marshall Wace, an existing investor. The amount is slightly less than the $415 million that the company expected to raise through a private investment in public equity (PIPE) when it first announced its plans in July to merge with a special purpose acquisition company (SPAC).` `....` `Circle’s plan to go public by merging with a shell company has taken many twists and turns. This February, it announced it was throwing out its old merger agreement with Concord Acquisition Corp, the SPAC run by former Barclays CEO Bob Diamond, and ditching plans to raise money via a PIPE.` [https://www.theinformation.com/articles/circle-s-spac-deal-gets-more-circuitous](https://www.theinformation.com/articles/circle-s-spac-deal-gets-more-circuitous) ​