Nic, the co-founder and CEO of Coin Bureau, stated on the X platform that Circle's IPO involves the issuance of 34 million shares, priced at approximately 31 USD each, raising around 1 billion USD. Although it achieved great success, the financing scale is only equivalent to the quarterly operating profit of its main competitor, Tether. Currently, USDT occupies over 60% of the stablecoin market, while USDC's market share is less than a quarter of the former.
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Circle IPO raised $1 billion, which is only equivalent to Tether's quarterly profit.
Nic, the co-founder and CEO of Coin Bureau, stated on the X platform that Circle's IPO involves the issuance of 34 million shares, priced at approximately 31 USD each, raising around 1 billion USD. Although it achieved great success, the financing scale is only equivalent to the quarterly operating profit of its main competitor, Tether. Currently, USDT occupies over 60% of the stablecoin market, while USDC's market share is less than a quarter of the former.