Can Circle IPO Help Crypto Market Regain Its Lost Confidence?
The company behind USDC stablecoin, Circle has officially filed for an IPO earlier this week with a rumored valuation between $4 billion and $6 billion. The move is being closely watched across the crypto and fintech sectors, as many view it as a potential turning point for stablecoins and broader market confidence.
While analysing Circle’s insights, Lorenzo Valente – the Director of Crypto Research at ARK Invest – shares an in-depth report and provides sharp details into the company’s financials, competitive positioning, and the IPO’s broader implications.
According to Lorenzo, Circle’s revenue has risen 15% in 2024 – from $1.45 billion to $1.68 billion – driven largely by an 80% jump in USDC’s circulating supply…
