Circle Because of the issuance of 10 million shares (the company holds 2 million shares, and shareholders hold 8 million shares), the stock fell back to $150. It's disgusting that this news was announced after hours.

This completely overshadowed the good news that Circle is launching its own L1 with native USDC as the gas token. If valued as a public chain, how much could Circle be worth? Based on the current circulating market value, $20 billion is about enough to enter the top 10 by market cap in the cryptocurrency space.