The Breakdown Big Day For Crypto Biz As Circle Prepares for IPO
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Apr 3, 2025 Circle is set to go public, marking a pivotal moment in the crypto landscape after years of effort. This move raises questions about the future of crypto as major banks loom on the horizon. The conversation also highlights Bitcoin's growing influence, suggesting a shift in how traditional finance views digital currencies. Could Bitcoin challenge the dollar's status as a global reserve? With these developments, the stakes for crypto are higher than ever.
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Circle's IPO Filing
- Circle's IPO reveals its fluctuating profits and heavy reliance on interest rates from treasury bills.
- This raises concerns about the company's long-term stability and valuation.
Coinbase and Circle's Revenue Split
- Despite significant revenue growth from USDC, Circle pays a large portion to Coinbase.
- This distribution cost raises questions about Circle's profitability compared to competitors.
Tether vs. Circle
- Tether's substantial Bitcoin holdings and estimated profits highlight a stark contrast with Circle's financial performance.
- This raises questions about the viability of different stablecoin business models.