Coinbase and Circle share a common vision of an open global financial system built on crypto rails and blockchain infrastructure, and realizing this vision requires industry leaders to collaborate to build interoperable protocols and standards. CENTRE was formed to establish these standards and to build the technology needed for fiat to work over the open internet.

USD Coin is an Ethereum ERC-20, Algorand ASA, Solana SPL, Stellar asset, and TRON TRC-20 stablecoin brought to you by Circle and Coinbase. It is issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency.

In December 2020, Circle announced a partnership with Visa that will enable businesses around the world to take advantage of the combined strength of USD Coin (USDC), a fully-reserved digital dollar stablecoin supported across multiple public blockchains, and Visa’s global payments platform and network.

Circle intends to become a full-reserve national commercial bank, operating under the supervision and risk management requirements of the Federal Reserve, U.S. Treasury, OCC, and the FDIC. We believe that full-reserve banking, built on digital currency technology, can lead to not just a radically more efficient, but also a safer, more resilient financial system.

USDC: Current Supply: 33.6B Average volume: 4.8B Total transferred: >1.4T

Growth opportunity: Total revenue: $885M (2023E)

Stock fundamentals: Public class A shares: 27m Public warrants: 5m PIPE: 41m Circle equity: 482m Total shares/warrants after merger: 676.5m

Following the filing of the original S4 in August, we have received two rounds of comments from SEC staff, to which we promptly replied and simultaneously filed two S4a (amendments) in early October and late December.

We are awaiting the next round of comments from the SEC on the S4. We cannot forecast when the SEC staff will complete their review and declare the S4 "effective." Only when the S4 is effective can we proceed with scheduling the special meetings of the stockholders of both Concord and Circle to approve the merger as well as complete other logistical and legal requirements to consummate the merger.

Based on the timeframe of other crypto- related companies that went through registration statement review processes with the SEC, our current estimate would be the merger will likely be consummated in the second quarter - obviously this timeframe could change.

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Source https://stocktwits.com/Nutflush/message/427634398