Stablecoin payment platform OpenPayd to list on Nasdaq via SPAC at an estimated valuation of approximately $1.145 billion

Odaily reported that 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-combination enterprise valuation of approximately $1.145 billion. OpenPayd currently offers stablecoin transaction services, counting eToro, Kraken, and OKX among its clients. According to reports, assuming Titan shareholders do not redeem their shares, OpenPayd is expected to secure up to $276 million in financing to strengthen its balance sheet and expand its financial infrastructure capabilities. (Businesswire)