ANALYSIS: Does the Circle IPO value Tether at $316B?
Circle’s upcoming IPO will provide a unique opportunity to value the world’s largest stablecoin issuer, Tether.
Results for Stablecoins, Circle
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Circle IPO traders send wrong CRCL stock up 16,000%
Circle (CRCL) is going public this week, but traders transposed their excitement to another CRCL stock, which spiked 16,000%.
Circle vs. Tether: What’s in the reserves?
Circle and Tether, the two largest stablecoins, have adopted different tactics when it comes to the management of their reserves.
Why is Tether 213% bigger than Circle but 8,000% more profitable?
Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
US-based stablecoins suffered in 2023 as key players battle it out
At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.
The beef between Circle and Tether
Circle and Tether executives have engaged in a series of increasingly public spats as the firms vie for control of the stablecoin market.