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Circle Soars In First-Ever Stablecoin IPO, Making CEO A Billionaire
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
Circle's $1.1 billion IPO on Thursday highlighted Wall Street's increasing interest in stablecoins, particularly Ethereum.
Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 ...
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, reacts to ...
Gemini, a cryptocurrency exchange platform backed by the billionaire Winklevoss twins, has filed to go public on the heels of ...
The point of a stablecoin is that it is highly predictable. These digital tokens, whose value is pegged to dollars or euros, ...
The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 ...
Circle Internet's shares soared on the New York Stock Exchange, marking the second-largest crypto company listing. The ...
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