USDC has not deflated. It is going for an IPO.
Circle has finally reached its dream – it’s going public. Not a meme, but officially: the American stablecoin with a business face is preparing to trade like a respected public company. Well, now it’s not just a token with a US passport — it’s a Wall Street coin.
But the question is: who needs this IPO?
► Circle? Yes, they will finally get some money from investors.
► Coinbase? Definitely, because they have a stake.
► But for USDC users – it’s not a fact. Because instead of "trustless money" we now have "regulated-by-everybody-in-suit money".
📉 Previously, they already had problems – loss of peg, the bank with reserves burned down, the token volume was falling.
And now there’s also an IPO, which means even more control, even more reporting, even more ties with the government. And this is not the freedom of Web3, this is Excel Web2.5.
Circle says: we want to become a global financial standard. But if Tether is about semi-wild offshore, then USDC is like Amazon in crypto: everything is clear, but you are being watched.
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Conclusion:
USDC is going for an IPO to convince everyone of its stability. But when a stablecoin becomes "public," it simultaneously becomes publicly controlled. It’s no longer just a token, it’s a government bond on the blockchain wrapped in Web3.
