Circle, the second largest stablecoin source through the market value, USDC, started trading on the New York Stock Exchange (NYSE).
Jeremy Alere, CEO of Serkel, took over to X on June 5 to Advertise For the first time for the company from CRCL shares on the New York Stock Exchange.
The CEO said that the company’s general list comes 12 years after Allaire participated in establishing Circle with SEAN Neville with a task to reshape the global economic system by re -imagining and rebuilding it from A to Z on the Internet.
“Our transformation into our being a public company is an important and powerful teacher – the world is ready to start promotion and move to the financial system of the Internet,” Allaire pointed out.
A major encryption event
The launch of the year will come shortly after the reporting of its size The first general offering (Public subscription) to $ 1.05 billion, Selling 34 million shares at $ 31 each. Public subscription originally He sought to provide 24 million shares The price is between $ 24 and 26 dollars.
The Allaire Declaration of X drew attention from major figures in the Crypto community, including the co -founder of the founder Michael Sailor and the head of Coinbase’s legal officials, who was among the first to congratulate Circle with the NYSE list.
Congratulations, Jeremy – for you and the entire CRCL team, Silor books.
“Everyone, a project and a company that was part of this trip, thank you. I am very humble and very grateful.”
“This is not just a moment for each of us personally. I think it is an important moment in the future development of our global economic system because it is unbearable with the Internet.”
The maximum USDC market is 40 % YTD
The launch of the general Circle comes as the company’s main producer, USDC (USDC(Stablecoin, sees great growth in its market value.
According to Coingecko data, the maximum USDC market Rise More than 40 % from $ 43.7 billion on January 1 to 61.5 billion dollars, reaching $ 62 billion in April.
At the time of writing this report, USDC was the seventh largest encrypted currency on the market, the second largest stablecoin after Tether’s USDT (USDT), With a maximum of $ 153.9 billion.
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Although Stablecoin’s operation is much larger than the USDC than Circle, the Selfador rope that is taken from El Salvador does not look forward to launching public subscription any time soon, According to To its CEO, Paulo Erdino.
Other public companies operate and export Stablecoins, including PayPal, which The US dollar was launched PayPal ((pyusd(Stablecoin in 2023. Pyusd is a much smaller stablecooin, with the maximum market less than a billion dollars, According to To Coingecko.
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