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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.
Circle goes public as stablecoin adoption and regulation hit a key turning point. Can $CRCL prove resilient if interest ...
What exactly does Circle do, and why did it decide to move its headquarters from downtown Boston to lower Manhattan late last ...
In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, ...
Circle closed with an $18.4 billion valuation, well below Coinbase’s IPO but ahead of newer entrants like Fold and eToro.
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 (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from ...
Cryptopolitan on MSN1d
Circle leads stock market comeback as gold slips, Bitcoin and dollar surgeCircle pushed markets into rally mode on Friday after its shares spiked 48%, extending the chaos it kicked off with a massive ...
The crypto and stock trading exchange, Robinhood (Nasdaq: HOOD), was the only major crypto stock that registered an uptick ...
But to live up to the market’s soaring expectations, the issuer of USDC might actually be better off in the longer run if ...
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