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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.
Stablecoin issuer Circle's stock skyrocketed out of the gate, beating the initial public markets performance of tech giants.
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 ...
The timing is razor-sharp. With crypto volatility through the roof, stablecoins are the ultimate safe harbor. Sure, Tether ...
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 ...
Circle's shares opened approximately 124.19% higher than the IPO price of $31, debuting at $69.50.Initially, the shares ...
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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