Circle has doubled its valuation to $9 billion in a new SPAC deal
Circle announced Thursday that it had been valued at $9 billion in a new deal with blank check company Concord Acquisition Corp.
Circle agreed to new transaction terms in SPAC deal
The previous SPAC deal with Concord, announced in July that valued the company at $4.5 billion, has now been terminated, Circle said. The company cited its improved financial prospects and competitive position, particularly in the U.S. dollar coin (USDC) market, as the main reasons for changing its agreement with Concord.The new agreement also means that deal will be delayed as it replaces the previous business combination agreement, which Circle could not complete by April 3, 2022. The original termination date is now December 8, 2022, with an option to extend to January 31, 2023. At the time of the first deal, USDC's market capitalization was about $25 billion. The market capitalization of the stablecoin has since doubled.
USDC has reached a market capitalization of over $50B
Jeremy Allaire, Circle's CEO, celebrated reaching the $50 billion mark two weeks ago on Twitter, saying, "While 50B USDC is a big number, it's the massive growth and ecosystem around it that tells the broader story." It also appears that USDC is taking a significant market share away from Tether. Circle's stablecoin market cap grew 987% in 2021, compared to Tether's USDT offering, which saw less than a third of that growth over the same period at 275%.In a recent blog from Circle it became clear that the stablecoin network had grown 10,000% over the past two years, recording $2.5 trillion in on-chain transactions and 4.6 million active wallet addresses in 2021 alone. It is currently available on eight different blockchains. It seems Circle is confident it can challenge Tether more as it expands to more blockchains.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
