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.
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