Circle Web Monetary, issuer of the USDC stablecoin, has pulled the plug on its deliberate Spac cope with Harmony Acquisition Corp, the clean test agency run by former Barclays bigwig Bob Diamond.
In line with an announcement, the choice was made as a result of Harmony had till 10 December to consummate the deal however has but to safe the required Securities and Trade Fee S-4 registration assertion inexperienced mild.
Circle chief Jeremy Allaire insists the blockchain large nonetheless plans to listing sooner or later.
“We’re disenchanted the proposed transaction timed out, nonetheless, turning into a public firm stays a part of Circle’s core technique to boost belief and transparency, which has by no means been extra necessary,” he says.
Provides Diamond: “I stay assured in Circle’s regulatory-first method to constructing belief and transparency within the monetary business, which has by no means been extra necessary, and I’ll proceed being an advocate for the corporate because it continues to develop.”