Circle IPO raised $1 billion, which is only equivalent to Tether's quarterly profit.

StablecoinEvangelist · 2025-06-06T11:21:20+00:00

Coin Bureau co-founder and CEO Nic said on the X platform that Circle's IPO offered 34 million shares, priced at about $31 per share, raising about $1 billion, and while it was a huge success, it raised only as much as the single-quarter operating profit of its main competitor Tether. At present, USDT accounts for more than 60% of the stablecoin market, while USDC has less than a quarter of the former's market share.

StablecoinEvangelist

2025-06-06 11:21:20

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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