Circle, the company behind the USDC stablecoin, has blamed the US Securities and Exchange Commission (SEC) for its failed plans to go public. According to a new report by FT, the regulatory agency failed to sign off on the $9 billion deal. This comes a month after its CEO Jeremy Allaire revealed the termination of the firm’s agreement with special-purpose acquisition company Concord Acquisition Corp., thereby withdrawing from its plan to go public. The exec then said that Circle did not complete the SEC’s “qualification in time.” More info: https://bit.ly/3JetxTJ