#CircleIPO

Circle Internet Group, the issuer of the USDC stablecoin, successfully conducted an initial public offering (IPO), selling 34 million shares at a price of $31 each. This is above the initial price range of $27–28, indicating high investor interest. The company raised about $1.1 billion.

The funds raised are intended to be used for expanding the use of USDC. Currently, USDC is the second most popular stablecoin after USDT. It still lags significantly in terms of market capitalization and volume, but it has advantages, such as greater transparency and regulatory resilience.

By the way, Tether, the issuer of USDT, does not plan to go public, nor does it plan to become more transparent. The company registered in the Virgin Islands feels comfortable not complying with American regulators😉.

Among the advantages of USDC specifically on Binance: USDC participates in Launchpool, while USDT does not.

Did you know about this? What other benefits does USDC have? Share your thoughts 👇