The CEO of Coinbase, Brian Armstrong, has praised USDC as "the most reliable stablecoin" following Circle's successful IPO on the New York Stock Exchange under the symbol "CRCL". The initial public offering saw oversubscription, with a surge of over 200% in shares since its launch. Armstrong highlighted Circle's achievement of approximately 30 trillion dollars in USDC volume throughout its lifetime, emphasizing the growing relevance of the stablecoin in the market. This development underscores the increasing competition between USDC and USDT (Tether) in the stablecoin sector.
