Stablecoin payment infrastructure OpenPayd plans to list on Nasdaq via SPAC, with a valuation of $1.145 billion.

PANews reported on June 1st that OpenPayd, a stablecoin payment infrastructure platform, announced a definitive business merger agreement with Titan Acquisition Corp., a special purpose acquisition company (SPAC). Upon completion of the transaction, OpenPayd will be listed on Nasdaq under the ticker symbol "OP," with a combined valuation of approximately $1.145 billion. OpenPayd currently provides stablecoin trading services, and its clients include eToro, Kraken, and OKX. It is understood that if Titan shareholders do not redeem their shares, OpenPayd expects to receive up to $276 million in funding to strengthen its balance sheet and expand its financial infrastructure capabilities.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Strategy shares fell about 8% in early trading and are currently trading at $147.50.
PANews Newsflash