The First Stock of Stablecoin IPOs on Thursday
1. CIRCLE, the parent company of USDC, will IPO this Thursday with a valuation of $7.2 billion, attracting interest from Wall Street investors. Its market value is comparable to HBAR and LTC in the crypto space. Would you buy CIRCLE or HBAR?
2. The biggest benefit of CIRCLE's listing is for Coinbase, which accounts for the majority of USDC's revenue. Coinbase has a market value of $65 billion, slightly lower than SOL.
3. BTC is still fluctuating near its recent highs, while U.S. stock indices are approaching new highs. The market's bullish trend has not changed.