#CircleIPO
Circle also tried to take the company public in 2022 through a blank-cheque company merger at a valuation of $9 billion, but those efforts did not materialise.Meanwhile
CoinChaser123
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#CircleIPO
Circle also tried to take the company public in 2022 through a blank-cheque company merger at a valuation of $9 billion, but those efforts did not materialise. Meanwhile, according to Coindesk, the privately held shares of Circle were trading at a valuation between $5 billion and $5.25 billion in the secondary markets.
Founded in 2013, Circle is the second-largest stablecoin issuer. The market capitalisation of its USD-pegged stablecoin is over $60 billion. For the governance of USDC, Circle and the crypto exchange Coinbase initially jointly managed the Centre Consortium, which was dissolved last August. Coinbase now holds an undisclosed equity stake in Circle.
The latest SEC filing also revealed that Circle paid nearly $908 million to Coinbase, its main distribution partner, for circulating USDC.
Circle also tried to take the company public in 2022 through a blank-cheque company merger at a valuation of $9 billion, but those efforts did not materialise. Meanwhile, according to Coindesk, the privately held shares of Circle were trading at a valuation between $5 billion and $5.25 billion in the secondary markets.
Founded in 2013, Circle is the second-largest stablecoin issuer. The market capitalisation of its USD-pegged stablecoin is over $60 billion. For the governance of USDC, Circle and the crypto exchange Coinbase initially jointly managed the Centre Consortium, which was dissolved last August. Coinbase now holds an undisclosed equity stake in Circle.
The latest SEC filing also revealed that Circle paid nearly $908 million to Coinbase, its main distribution partner, for circulating USDC.
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