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Circle Soars In First-Ever Stablecoin IPO, Making CEO A Billionaire
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere ...
Stablecoin issuer Circle's stock skyrocketed out of the gate, beating the initial public markets performance of tech giants.
The timing is razor-sharp. With crypto volatility through the roof, stablecoins are the ultimate safe harbor. Sure, Tether ...
Circle’s reserve income — derived mostly from interest on the Treasuries backing USDC — rose 55.1% to $557.9 million in Q1. But that income stream is expected to drop as interest rates fall. If the ...
Circle Internet Group, Inc. (NYSE:CRCL) has filed to raise $100 million in an IPO of its Class A common stock, according to an SEC S-1 registration statement. CRCL operates the USDC US Dollar ...
Key Takeaways Circle, the USDC issuer, is set to go public on the NYSE with a potential valuation of $6.7 billion.Cantor ...
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