Circle IPO Update and Stablecoin Market Competition

Crypto

In crypto we trust

Nate

·3 years ago

shared a link post in group #Crypto

any thoughts on Circle's second attempt at going public?

They filed documents for an initial public offering in the U.S. although they have yet to confirm the number of shares and price range for the offering.

@Jozhe @D J @Jerome Cody @all 2024 predictions welcome 
#Crypto 

https://news.crunchbase.c..

news.crunchbase.com

Stablecoin Startup Circle Files Confidentially For IPO

7 Shares Email Facebook Twitter LinkedIn Circle Internet Financial has circled back around on its hopes to be a public company. The company, which is behind the USDC stablecoin, said it has confi

Nate
Amazing that nobody here has picked up on Telcoin, who is about to be the first regulated digital asset bank in the country with eUSD stablecoin.

Tasia
Crypto platform Hyperliquid users may lo...
Fast-growing crypto exchange Hyperliquid’s users voted Sunday to select Native Markets, a startup that partners with Stripe-owned stablecoin infrastructure firm Bridge, to issue its upcoming stablecoin USDH after a bidding war. Given the scale of Hyperliquid, the vote has the potential to produce a new major stablecoin issuer, following Tether and Circle. The winner would also take market share from Circle, which has about $6 billion, or 8% of its USDC circulation held by users on Hyperliquid exchange. Other bidders included Paxos, Ethena, and Agora. The shift by Hyperliquid will potentially set off a price war in the lucrative business of stablecoins. Native Markets proposed to share all of the revenue from its stablecoin with Hyperliquid’s traders and users. Circle, which makes an estimated $225 million in annualized revenue from Hyperliquid, currently does not share revenue with Hyperliquid users. Native Markets is a newly formed startup co-founded by Max Fiege, an investor backing projects on Hyperliquid blockchain, Mary-Catherine Lader, former president of Uniswap and executive of BlackRock, and Anish Agnihotri, former researcher at Paradigm. Native Markets said it plans to use Bridge, which was acquired by Stripe in a $1.1 billion deal this year, to issue the stablecoin, and BlackRock to manage treasury initially, with Fidelity and BNY coming up next. nativemarkets.substack.co..
nativemarkets.substack.com
Expanded Proposal: Native Markets
TL;DR We founded Native Markets to build the best stablecoin for the blockchain to house all finance

Tasia
Circle, the stablecoin issuer of USDC, jumped 16% Monday after reporting revenue growth and announcing a fundraising for its planned blockchain. The company said it raised $222 million for Arc, a stablecoin-focused blockchain, at a $3 billion valuation from investors including a16z crypto, Apollo Funds, BlackRock, and Intercontinental Exchange by pre-selling the ARC tokens. The blockchain is intended for stablecoin transactions and capital-markets activities. First-quarter revenue jumped 20% from a year ago to $694 million. Net income fell 15% to $55 million. Executives of Circle said on Monday’s earnings call that the company supports the proposed crypto market structure bill, the Clarity Act, which bans platforms from paying yield on users’ passive stablecoin holdings. Circle wants to incentivize more transactions using stablecoins, in line with the bill. For users who want to earn yield on passive holdings, Circle offers a different product, a $3 billion tokenized money market fund called USYC. circle.com/pressroom/circ..
www.circle.com
Circle Reports First Quarter 2026 Results | Circle
Circle Internet Group, Inc. (NYSE: CRCL) today announced results for the first quarter of fiscal year 2026.

Nate
Stablecoin issuer Circle officially launched Arc blockchain, which will support the trading of stablecoins, tokenized equities, and other assets. The blockchain will also support perpetuals, lending protocols, and social trading apps, Jeremy Allaire, CEO of Circle, said in a press briefing. Tokenized securities by the Depository Trust & Clearing Corporation will also be issued on Arc blockchain, he said. BlackRock, DTCC, Visa and Mastercard are among companies that will validate transactions on the blockchain. Circle has been diversifying its revenue sources beyond interest income from stablecoin reserves. Circle earlier pre-sold $222 million of the Arc tokens, which will give holders a role in governance of the blockchain. This month, it agreed to buy Tazapay, a Singapore-based payments firm, for $400 million in stock, which it said will drive distribution of its USDC stablecoins. Circle’s Arc blockchain will compete with existing popular blockchains like ethereum and solana, as well as blockchains launched by companies including Robinhood, Coinbase and Stripe-backed Tempo. circle.com/pressroom/circ..
www.circle.com
Circle Launches Arc Mainnet, an Economic Operating System for the Internet | Circle
Arc goes live with more than 100 institutional and ecosystem builders on day one

Todd Smith
Binance has made a $100 million strategic equity investment in Circle, as the two companies enter a new, five-year agreement to promote Circle’s stablecoins USDC on the Binance platform. Circle will also pay a monthly fee to Binance, based on a percentage of the amount of USDC held through Circle’s wallet infrastructure service, according to a filing. Binance acquired the shares on Sept.17 at $80.84 per share in a private placement, reflecting a 5% discount to Circle’s market price prior to closing. Circle shares rose 0.1% Tuesday to trade at $94.60 per share. Binance, the biggest crypto exchange globally, is a major distribution platform for Circle, making it important for Circle to court Binance. Of the $75 billion USDC stablecoins in market circulation, about $12 billion are held on Binance, according to data estimates from Blockworks. Coinbase, a longtime Circle partner and the biggest distributor of Circle’s USDC stablecoins, recently joined Open Standard, a consortium backed by Stripe, Visa, and Mastercard, which issues a new stablecoin OpenUSD. circle.com/pressroom/bina..
www.circle.com
New five-year agreement focuses on promotion of USDC globally | Circle
Binance Invests $100 Million in Circle, Expands Strategic Partnership and Renews Commercial Agreement for Five Years

Embed post to a webpage :

<div data-postid="oaawapa" [...] </div>

Circle IPO Update and Stablecoin Market Competition

Nate

Stablecoin Startup Circle Files Confidentially For IPO

NateAmazing that nobody here has picked up on Telcoin, who is about to be the first regulated digital asset bank in the country with eUSD stablecoin.

Nate
Amazing that nobody here has picked up on Telcoin, who is about to be the first regulated digital asset bank in the country with eUSD stablecoin.