Coin Bureau Co-Founder: Circle's IPO Funding Size is Only a Quarter of Tether's Operating Profit
Coin Bureau co-founder and CEO Nic stated on the X platform that Circle's IPO was a huge success, selling 34 million shares at approximately $31 per share, raising about $1 billion. However, this amount is only equivalent to the quarterly operating profit of its main competitor Tether, indicating a significant gap between the two. Currently, USDT holds over 60% of the stablecoin market share, while USDC's market share is less than a quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot silver hits a record high
OpenSea CMO denies alleged OpenSea ICO information leaked by a certain exchange

The market cap of Solana ecosystem meme coin WOJAK briefly surpassed $60 million, up over 38% in 24 hours.
