📢 Circle goes public. Stablecoins now with a stock prospectus.
Circle, the one that packaged USDC for us, has decided to go public. Yes, not on a DEX, but on the old good traditional exchange with brokers, suits, and $9 coffee.
🔍 What this could mean:
— Stablecoins are no longer just crypto for yield farmers, but an "asset class for respectable people".
— Circle will open its finances. It will be interesting to see how "stable" everything is for them.
— If the IPO is successful, prepare for a new wave of regulated crypto with exchange reports and a CEO who isn’t sitting on Twitter.
Also — this is the first major attempt for a stablecoin to legally integrate into the traditional financial system. And here the question arises: will $USDC turn into yet another banking app with KYC in the style of "fill out a form, wait two weeks, and then, maybe, you can buy some USDC".
