
cg6200513
@cg6200513
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USDC Issuer Circle Officially Listed on NYSE
📅 On June 5, USDC issuer Circle went public on the New York Stock Exchange, becoming the first listed stablecoin company 🏆 — a major sign that crypto is moving into the mainstream 📶
📈 Market cap hit $18B on day one, rising to $24B the next day
💰 Raised $1.1B, oversubscribed by 25x, with major players like BlackRock and ARK jumping in
🇺🇸 Founded in 2013, Circle’s core product USDC has over $61B in circulation, second only to USDT
⚖️ Its key strength is compliance and transparency — fully backed 1:1 by USD, audited, and widely used in payments, DeFi, Web3, and more
💵 Revenue mainly comes from interest income — in 2024, Circle earned $1.676B, with 99% from interest
📌 Users mint USDC with USD, and Circle invests those funds in low-risk assets like U.S. Treasuries 0 reply
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Web3 is becoming a hot topic, but do you really know what it means? In fact, it marks the third evolution of the internet!
1️⃣ Web1 - The Browsing Internet
The primary function of the internet was to provide information. People accessed content through portals, but there was no opportunity for interaction. At this stage, users were mere "spectators", passively consuming information.
2️⃣ Web2 - The Interactive Internet
Platforms like Xiaohongshu and Weibo that you browse every day are perfect examples of Web2. In this stage, users are no longer just "viewers"—they can create content, interact, and engage in a highly participatory online environment. However, while users generate value, platforms control the data.
3️⃣ Web3 - The Ownership Internet
The key shift in Web3 is "ownership"! In this stage, you don’t just create and share content—you truly own it and the value it generates. Users have full control over their data and digital assets. 0 reply
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