Bitcoin24h $104,747.21-0.42%

Ethereum24h $2,519.45-0.37%

XRP24h $2.16-0.00%

BNB24h $644.25-1.22%

Solana24h $145.31-1.48%

TRON24h $0.2744-0.11%

Dogecoin24h $0.1702-0.23%

Cardano24h $0.5980-2.87%

Hyperliquid24h $37.89-6.13%

Sui24h $2.81-2.01%

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.

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.

While the affected transactions come from distinct addresses, their transaction histories suggest they are from the same individual.