BlockBeats news, on August 13, according to Bloomberg, the issuer of stablecoin USDC, Circle Internet Group, and its shareholders plan to sell a total of 10 million shares.
According to documents submitted to the U.S. Securities and Exchange Commission, Circle will sell 2 million shares, while shareholders, including co-founder and CEO Jeremy Allaire, will sell 8 million shares. Based on Tuesday's closing price of $163.21, the total amount of this stock issuance is approximately $1.63 billion.