Bitcoin24h $90,801.42-0.16%

Ethereum24h $2,988.31-1.47%

XRP24h $2.20+1.00%

BNB24h $873.63-1.41%

Solana24h $135.63-1.14%

TRON24h $0.2812+0.00%

Dogecoin24h $0.1482-1.31%

Cardano24h $0.4150-0.97%

Hyperliquid24h $34.53-0.00%

Bitcoin Cash24h $520.65-4.58%

Circle and Coinbase — a story of two public offerings

Circle’s rise after its IPO on its first day of trading is a contrast to Coinbase, which fell on its first day of trading.

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 (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.