#CircleIPO

USDC represents 27% of the stablecoin market and competes against Tether’s USDT, which dominates with 67%.

Naturally, CIRCLE (CRCL) becoming a public company in the US implies they are fully compliant with standards and regulations even more so than other issuers not traded in major stock exchanges such as NYES.

The trust it inspires might tighten $USDC working range and make it 1:1 or greater against USDT.

Maybe there will be no more arbitrage opportunities between the two, or only sporadically.

With so many upcoming stable coins, the profit margin of the business will also narrow.