Bitcoin24h $90,408.22+0.24%

Ethereum24h $3,094.20-0.74%

XRP24h $2.10+0.03%

BNB24h $889.13+0.45%

Solana24h $138.59+2.79%

TRON24h $0.2925-1.07%

Dogecoin24h $0.1407-1.25%

Cardano24h $0.3909+0.06%

Bitcoin Cash24h $631.69+0.65%

Chainlink24h $13.17-0.47%

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.