PANews
PANews|Jun 01, 2026 12:11
[Stablecoin Payment Infrastructure OpenPayd Plans to Go Public on Nasdaq via SPAC, Valued at $1.145 Billion] Stablecoin payment infrastructure platform OpenPayd has announced a definitive business combination agreement with special purpose acquisition company (SPAC) Titan Acquisition Corp. Upon completion of the transaction, OpenPayd will be listed on Nasdaq under the ticker symbol 'OP,' with a post-merger enterprise valuation of approximately $1.145 billion. OpenPayd currently provides stablecoin transaction services, with clients including eToro, Kraken, OKX, and others. It is reported that if Titan shareholders do not redeem their shares, OpenPayd is expected to raise up to $276 million in financing, which will be used to strengthen its balance sheet and expand its financial infrastructure capabilities.
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