Bitcoin24h $61,850.65-0.24%

Ethereum24h $1,630.83-1.50%

BNB24h $587.81-1.47%

XRP24h $1.10-3.52%

Solana24h $63.54-2.81%

TRON24h $0.3218-0.53%

Hyperliquid24h $53.63-8.86%

Dogecoin24h $0.0830-2.62%

UNUS SED LEO24h $9.47+0.12%

Zcash24h $413.75-7.11%

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.

Crypto exchanges report around $55M in RLUSD volume over the last 24 hours — 99.4% less than Circle’s $9.8B for its much larger USDC.

Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.

CelaCare’s lawsuit wants the stablecoin provider Circle to issue a $1 million USDC refund after its CEO sent crypto to the wrong address.