Bitcoin24h $78,517.79+2.97%

Ethereum24h $2,309.02+2.32%

XRP24h $1.39+1.84%

BNB24h $620.20+0.45%

Solana24h $84.20+1.28%

TRON24h $0.3265+0.11%

Dogecoin24h $0.1088+2.82%

Hyperliquid24h $41.05+4.79%

UNUS SED LEO24h $10.34+0.25%

Bitcoin Cash24h $452.70+2.57%

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.