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TEXXR

Chronicles

The story behind the story

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USDC stablecoin issuer Circle confidentially files for a US IPO, without saying the number of shares for sale or a price range; Circle was valued at $9B in 2022

Reuters

Discussion

  • @tree_of_alpha @tree_of_alpha on x
    iShares USDC Trust
  • @twobitidiot Ryan Selkis on x
    Circle's IPO filing is confidential, but they're killing it. 2022: $800m Revs / $150m Profits 2023e: ~$1.5bn Revs / ~$300m Profits Source from my fireside chat with Jeremy Allaire. [image]
  • @0xjaypeg Jay on x
    Coinbase owns 3.5% of Circle 🍻 [image]
  • @taikimaeda2 Taiki Maeda on x
    Hmmm how do we speculate on this upcoming Circle IPO? Maybe it makes sense to bid stablecoin projects that have the exact same business model like $MKR $CANTO $FXS Bullish Yield-bearing dollars (YBDs) 🤔 [image]
  • @jasonyanowitz Yano on x
    Can't overstate the importance of Circle's IPO. There are 6-10 companies waiting to see how Circle does. If they're successful, everyone else will push to IPO. Having several public crypto companies (other than just Coinbase and miners) would be a huge unlock.
  • @0xjaypeg Jay on x
    Circle going public is going to be the catalyst that causes this to flip [image]
  • @zosegal Zach Segal on x
    Today @Circle (founded 2013) filed IPO. @JerAllaire has been a visionary & ambassador of crypto for the past decade. His firm has operated with integrity throughout, helping them to survive adversity & thrive Important to celebrate the success of *long-term* builders. Congrats!