It’s interesting that the crypto community remains quiet about @circle’s upcoming IPO on the NYSE, set for Wednesday, June 4th.

Circle will be valued at $7.2 billion, up from $6 billion, with 32 million shares priced between $27 and $28 each.

Notably, @BlackRock and possibly @ARKInvest are looking to take stakes as well.

➥ Key Facts:

→ USDC is the second largest stablecoin

→ Current supply: $60.3 billion (+92% year-over-year)

→ USDC represents 66% of the total stablecoin supply

→ Annualized revenue: $2.3 billion (+59% YoY)

→ Annualized gross profit: $932 million (+46% YoY)

→ Annualized net income: $259 million (+61% YoY)

➥ Possible 3-Year Scenarios (per @jonbma / @artemis):

→ Base Case: $19 billion+

→ Bull Case: $30 billion+

→ Bear Case: $5 billion+, with a possible acquisition by @cbventures

Are you ready for $CRCL?