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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