Bitcoin24h $66,841.71+0.33%

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UNUS SED LEO24h $9.70+0.49%

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.