Coin Bureau co-founder: Circle's IPO financing amount is only Tether's quarterly operating profit

ChainCatcher news, Coin Bureau co-founder and CEO Nic stated on the X platform that Circle's IPO issued 34 million shares, priced at about $31 per share, raising approximately $1 billion. Although it achieved great success, its fundraising scale is only equivalent to the quarterly operating profit of its main competitor Tether. Currently, USDT occupies over 60% of the stablecoin market, while USDC's market share is less than a quarter of the former.