Nick, co-founder and CEO of Coin Bureau, stated on platform X that the IPO of Circle was a huge success, with 34 million shares sold at a price of about 31 USD per share, bringing in roughly 1 billion USD. However, this amount is only the quarterly operating profit of its main competitor, Tether, and there is still a significant gap between them. Currently, USDT holds over 60% of the stablecoin market share, while the market share of USDC is less than one quarter.
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Nick, co-founder and CEO of Coin Bureau, stated on platform X that the IPO of Circle was a huge success, with 34 million shares sold at a price of about 31 USD per share, bringing in roughly 1 billion USD. However, this amount is only the quarterly operating profit of its main competitor, Tether, and there is still a significant gap between them. Currently, USDT holds over 60% of the stablecoin market share, while the market share of USDC is less than one quarter.