Concord Acquisition Corp (CND)

[HokieHead]

Of the 12 largest crypto-investments in history, six have been in 2021.

#1 Circle: $440 million
Deal date: May 28, 2021

Notable investors: Fidelity Management and Research Company, Marshall Wace, Digital Currency Group, FTX, Breyer Capital

Post-money valuation: N/A
Previous valuation: $3 billion

The payments and treasury infrastructure provider best known as one of the principal developers of the $22 billion stablecoin USDC raised $440 million from a large group of institutional and strategic investors.

Circle’s platform has supported more than 100 million transactions by more than 10 million retail customers and over a 1,000 businesses, according to a statement.

Circle also recently became Visa’s V V +0.2% partner to help businesses on the network settle transactions in USDC. Over the past year, USDC has supported over $615 billion in transactions as of May – a growth of more than 28,000% in the past 12 months.