Golden Finance reported that Coin Bureau co-founder and CEO Nic posted on the X platform that Circle's IPO was a great success, selling 34 million shares at a price of about $31 per share, raising about $1 billion, but this fund is only the operating profit of its main competitor Tether for a quarter, and 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 has less than a quarter of the market share.
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Coin Bureau Co-founder: Circle's IPO financing scale is only Tether's quarterly operating profit.
Golden Finance reported that Coin Bureau co-founder and CEO Nic posted on the X platform that Circle's IPO was a great success, selling 34 million shares at a price of about $31 per share, raising about $1 billion, but this fund is only the operating profit of its main competitor Tether for a quarter, and 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 has less than a quarter of the market share.