The company announced it has terminated its previously announced merger agreement with special-purpose acquisition company Concord Acquisition Corp., but has agreed to new terms that will double the crypto company’s valuation to $9b. The original deal with Concord was announced last July and valued the company—an issuer of USD Coin at $4.5b. However, USD Coin’s circulation has more than doubled since the original deal was announced and has now reached $52.5b.