#CircleIPO CircleIPO

🎯 What is Circle?

A company specialized in financial technology, and the mastermind behind the USDC – the second largest stablecoin in the world after USDT.

💰 What is an IPO?

An IPO means "Initial Public Offering" – meaning Circle is preparing to enter the stock market and sell its shares to the public for the first time.

🚀 Why is this important?

The entry of a large Web3 company like Circle into the traditional financial market = a huge step towards integrating economists.

It gives greater legitimacy to cryptocurrencies, especially stablecoins.

📉 Have they tried before?

Yes! They previously attempted to go public through a merger with a SPAC, but the deal failed.

Now they are back with a new and independent plan 👀

🔍 The regulatory filing (S-1) reveals:

Circle's profits from interest on USDC reserves are huge!

But it still faces challenges, especially with the decline in USDC usage against its competitors.

📊 Why is following up important?

Because Circle's performance in the market will provide an important indicator of the future of cryptocurrency companies in traditional markets.

$USDC

USDCUSDT

Stable

0.999

+0.03%