Jozhe

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.com/public/crypto-stablecoin-startup-circle-ipo/

Jerome Cody

Crypto

Thank god USD Coin regained its $1 peg on Monday after it fell to lower than 88 cents over the weekend. USDC is the fifth-largest cryptocurrency by market cap, with roughly $39 billion of the stablecoin circulating. And it’s hard to overstate how important it is to crypto applications around the world. As blockchain data analytics firm Kaiko pointed out in its postmortem of this weekend, decentralized finance “is practically built on USDC.”

Had USDC not regained its peg, that would have been a devastating blow for crypto. It would have been problematic not just for institutional crypto traders, but also for retail traders and for the entire sector. It may take a few months for a new bank to get another 24/7 instant U.S. dollar settlement network up and running, but for another stablecoin to get the buy-in USDC has gotten—well, that would likely take a lot longer.

https://blog.kaiko.com/the-aftermath-what-happened-to-usdc-581289be30ff

Thank god USD Coin regained its $1 peg on Monday after it fell to lower than 88 cents over the weekend. USDC is the fifth-largest cryptocurrency by market cap, with roughly $39 billion of the stablecoin circulating. And it’s hard to overstate how important it is to crypto applications around the world. As blockchain data analytics firm Kaiko pointed out in its postmortem of this weekend, decentralized finance “is practically built on USDC.”  Had USDC not regained its peg, that would have been a devastating blow for crypto. It would have been problematic not just for institutional crypto traders, but also for retail traders and for the entire sector. It may take a few months for a new bank to get another 24/7 instant U.S. dollar settlement network up and running, but for another stablecoin to get the buy-in USDC has gotten—well, that would likely take a lot longer.  https://blog.kaiko.com/the-aftermath-what-happened-to-usdc-581289be30ff

Nate

Welcome to the coolest profile 💥💥💥 🚀

(Cool) Dev

Data is beautiful

Jozhe’s Podcasts

学中文 🇨🇳

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.com/public/crypto-stablecoin-startup-circle-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

Stablecoin Startup Circle Files Confidentially For IPO

The Aftermath: What Happened to USDC?

Gadgets

Food Porn

Bio hacking

Science is awesome 🧬🦾🚀🤯

Hip-Hop

😫 FML - the best joke in life is life itself

Artificial Intelligence

Would never bet on Tether outlasting all major stable coins 😆

Derek

When we interconnect the world to remove friction in the processing of transactions, we create a house of cards.  Hopefully all is well on Monday 

https://theinformation.the.select/posts/wqbr

When we interconnect the world to remove friction in the processing of transactions, we create a house of cards.  Hopefully all is well on Monday   https://theinformation.the.select/posts/wqbr

One of Crypto’s Last Safe Havens Is Spiraling After Silicon Valle...

Jozhe

A group of likeminded people in Crypto are talking about this.