Coin Bureau: Circle's IPO financing scale is only Tether's quarterly operating profit
2025-06-06 09:04:41
Coin Bureau co-creation and CEO Nic on the X platform said that Circle's IPO was a great success, selling 34 million shares at a price of about $31 per share, and the financing scale was about $1 billion, but the funds were only the operating profit of its main competitor Tether in one quarter. There is still a big gap between the two sides. At present, USDT accounts for more than 60% of the stablecoin market share, while USDC's market share is less than a quarter.
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