Circle, the issuer of the USDC stablecoin with a market cap over $24 billion, is considering an initial public offering in 2024, according to Bloomberg.
The company has been talking to advisers about a potential IPO, Bloomberg reported, citing anonymous sources. "While it’s not clear how much Circle would seek to be valued in an IPO, it was valued at $9 billion when it tried to go public in a blank-check deal in 2022," according to the report.In 2021, Circle agreed to go public through a merger with a Special Purpose Acquisition Company (SPAC) named Concord Acquisition Corp., but that arrangement later fizzled. "Becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations. We don’t comment on rumors," a representative for Circle told Bloomberg.
Circle's investors including financial heavyweights like Goldman Sachs, Fidelity and Blackrock. The USDC stablecoin, once boasting a market cap near $56 billion, began a dramatic decline in June 2022.
source:theblock
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
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Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023