CIRCLE: new crypto actions in the stock market. All the IMPORTANT NUMBERS for investors.
The calculations to understand if IT'S WORTH IT
5 billion in capitalization to be raised in the stock market. A listing on NASDAQ that had been sought after in the past and which now – in Trump’s pro-crypto America – is an opportunity too juicy to let slip away. Attempting to go public will be Circle, an American company that issues USDC, the most regulated of the major stablecoins (it is the only major with a MiCA license).
This is an important listing, both for its potential value and because it could shake up the crypto world if it does not happen for the aforementioned reasons. We went to examine the listing application submitted by the group to the SEC, also to understand how and how much these types of companies earn. Companies that have stable activities even in Europe, where they obtained an approval for MiCA under a quite peculiar regime.
The numbers of Circle’s IPO
Circle is a crypto service company that, while offering various tools, owes almost all of its revenue to USDC, its dollar-linked stablecoin.
The functioning of this product is simple: dollars are sent to Circle, and Circle offers back 1:1 USDC. USDC, being a token, can be used in DeFi, transferred on exchanges, and so on. For those who have never used this type of intermediary or service, it is a more convenient version of the US dollar, which can be transferred on the blockchain and also, for example, spent through various crypto cards.
Positioning: USDC has tried to differentiate itself from Tether USDT by focusing on compliance, that is, obtaining licenses where they are already available (not in the USA, just to give an example, but in Europe yes). However, this positioning, as we will see, is a drawback for Circle’s accounts, which earns much less than its eternal rival Tether for every dollar of reserve.
