Stablecoin Giant Circle Files for IPO
If approved, the stock of the company will be trading on the New York Stock Exchange under the symbol “CRCL.”
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If approved, the stock of the company will be trading on the New York Stock Exchange under the symbol “CRCL.”
The token is currently being tested on multiple blockchains, aiming to launch in July, state officials said at the DC Blockchain Summit
This coincided with the launch of Donald Trump’s memecoin $TRUMP which caused a wave of inflows to the network
An unexpected change in the redemption mechanism of the protocol’s yield-generating token caught investors off-guard, throwing the DeFi community into disarray.
The investment round was led by Haun Ventures and included contributions from Coinbase Ventures and Tiger Global.
The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks beginning on Tuesday.
Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.
Tether said it will phase out its euro stablecoin, EURT. Users will be able to redeem tokens for up until one year from now.
Instead, the company will focus on backing new stablecoin ventures such as its recent investment in Quantoz and its tokenization platform Hadron.
The integrations aim to boost global payments and decentralized finance on the Aptos network.
The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.