#Circle上市 Cryptocurrency Major Events! Circle Applies for IPO, Is the Stablecoin Landscape About to Change?
Family, big news! Circle has submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), preparing to list on the New York Stock Exchange under the stock code 'CRCL'. This is the issuer of USDC, the world's second-largest stablecoin, and their move is shaking up the cryptocurrency world!
From the data, as of March 28, the circulating supply of the USDC stablecoin has reached $60 billion, with a projected revenue of $1.7 billion in 2024. This achievement is closely tied to Circle's emphasis on strong regulation and high transparency of reserves, taking a distinctly different path from its old rival Tether.
Circle's IPO also brings new variables to the entire cryptocurrency market. On one hand, if the IPO is successful, it could attract more traditional investors into the market, bringing more funds and attention to the crypto industry and pushing towards more mature industry regulations. On the other hand, the cryptocurrency market is already highly volatile, and coupled with unclear regulatory policies, Circle will face various challenges after going public.
For us investors, Circle's IPO presents a new opportunity, but we must also be wary of the risks. What do you think about Circle's IPO? Let's discuss in the comments!
