Bitcoin24h $107,683.18-3.45%

Ethereum24h $3,769.39-4.62%

BNB24h $1,069.12-4.10%

XRP24h $2.43-6.82%

Solana24h $182.37-6.94%

TRON24h $0.2920-1.64%

Dogecoin24h $0.1798-8.24%

Cardano24h $0.5981-8.28%

Hyperliquid24h $44.50-8.87%

Chainlink24h $16.70-9.78%

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.

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 and Tether, the two largest stablecoins, have adopted different tactics when it comes to the management of their reserves.

Donald Trump-endorsed USD1 stablecoin has grown to over $2 billion in market capitalization but provides no transparency.

Bank of America is happy to pay lobbyists to convince the US government to pass laws and rules favoring bank-operated stablecoins.