Senate Passes Stablecoin Bill
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Circle shares (NASDAQ:CRCL) have been on a tear since their initial public offering (IPO) earlier this month. Circle shares were initially priced at
David Zaslowsky of Baker McKenzie discusses developments toward a legal framework for digital assets and integration of them into traditional finance, noting the Initial Public Offering of Circle Internet Group and legislation in Congress.
Circle joins Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in the U.S.
The GENIUS Act (S. 1582) was approved by the Senate today, thus moving federal regulations for stablecoins closer to reality.
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
Circle Internet Group, Inc. is well-positioned to benefit from the rapid adoption of stablecoins. Click here to read an analysis of CRCL stock now.
World Network also integrates Circle’s Cross-Chain Transfer Protocol (CCTP V2) to move USDC across a range of blockchains.
Stablecoin company Circle Internet Group is expected to list its stock on the New York Stock Exchange on Thursday in a long-awaited IPO.
Circle Internet Group Inc. had one of the splashiest debuts in years, with shares surging 168% after the company and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering.
Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.9 billion.
Arthur Hayes warns Circle’s IPO and stablecoin listings are overvalued, with banks entering and Tether dominating, risking big losses for retail investors.