The US Initial Public Offer (IPO) price has been announced by the firm behind USD-pegged Stablecoin #2, based on market cap.
According to a Reuters report, USDC-issuer Circle says it is aiming for a $7.2 billion valuation in its upcoming IPO – about $28 per share – partially because of the current administration’s friendlier outlook on crypto regulations.
US-dollar pegged stablecoins are designed to keep a constant 1:1 exchange rate with the US Dollar. Tether’s USDT The largest USD stablecoin in terms of market value is USD.
Michael Ashley Schulman is the Chief Investment Officer at Running Point Capital.
“Issues regarding memecoin hype and more specifically Trump’s ventures into a namesake coin should not directly affect the outlook for stablecoins backed by hard currency.”
The Circle IPO is a good investment according to The Flow Horse, a crypto analyst who has a large following. valuation You can learn more about it here. “cheap.”
Circle IPO is something I’m interested in.
Over a period of several months, I believe $28 will look like a bargain.
In addition to the volume of initial events, I’ll be searching for prices that will allow me to create a range with a clear price and start building a long-term position.
Bloomberg reports BlackRock, which is the largest asset management company in the world plans to acquire 10% of Circle’s shares once they are made available, on Thursday 5th June. BlackRock already serves as acting reserve manager in USDC’s assets.
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