If you are not aware yet: Circle, the company behind the USDC stablecoin, just blew up the New York Stock Exchange. Yes, they went public, and not just like that, but with a bang, sparkle, and suitcases of cash.
$1.05 BILLION. CASH. FROM CRYPTO.
In conditions where the U.S. government is printing dollars at such a speed that Ben Franklin is already shaking on the banknotes, Circle decided to do the opposite:
— took their crypto-dollars,
— converted to real ones,
— and sold shares for a billion.
And what do we see? IPO price: $31 per share. Company valuation — $8 billion.
This is not a startup with dreams. This is a crypto giant with a revenue of $1.67 billion for 2024, and yes, more than half of this revenue comes from reserves invested in boring but profitable U.S. treasury bonds. As they say, "if you can't beat the dollar — become the dollar."
AMERICAN DREAM ON STABLECOINS
Circle did what neither FTX, nor Celsius, nor even Binance in the USA could do — they passed the regulators smoothly.
They are:
• moved headquarters from Ireland to the USA (for the first time a crypto company wants more taxes? What is happening?!),
• office occupied in 1 World Trade Center — symbolic? Absolutely,
• now trading on the NYSE under the ticker CRCL.
And also Circle is a close partner of Coinbase, which in 2024 was given... attention... $908 million. Just like a startup romance: "We have love, but you still get half a billion a year for support."
MARKET ON JUNE 5, 2025
While Circle celebrates, the crypto market is doing... well, let's say, a masculine gesture towards regulators.
Bitcoin (BTC): $99,584.24
Ethereum (ETH): $2,607.32
Solana (SOL): $146.65
• USDC: Still $1.00. Thank you, Circle.
• USDT: $1.00, but somewhere in the shadow system of El Salvador.
But there are also alarming signals: Tether is not sleeping. With its $150 billion capitalization, it acts like a whale under Circle's boat. While USDC politely states "we are regulated", Tether whispers: "we are everywhere, no one has seen us, but you feel us."
INTEGRATION CONTINUES
Circle is not just on Wall Street. They are:
• already in Grab (Southeast Asia),
• in Nubank (Brazil),
• in Mercado Libre (Latin America).
It's only a matter of time before the money on your credit card will be in USDC, rather than in Chase or Citi.
RESULT: WHEN STABLECOINS BECOME AN EMPIRE
So what’s happening?
Crypto is no longer just about Dogecoin, Elon Musk, and NFTs with monkeys.
Now crypto is the financial infrastructure of the USA, with an office in WTC, revenues in billions, and respect from Wall Street. This means that the next liquidity crisis might begin... in the blockchain.
