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Behind Cir...
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TronWeekly

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Behind Circle Soaring IPO: A Hidden Opportunity for Ripple?

  • Circle is launching a $1.1 billion IPO at $31 per share with strong market interest, giving the stablecoin issuer a fully diluted valuation of $8.1 billion.
  • Chamath Palihapitiya suggests that acquiring Circle for $12 to $13 billion could be a valuable long-term deal, praising the stablecoin issuer's infrastructure and anticipating massive growth in the USD stablecoin market amid regulatory changes.
  • Circle’s IPO, oversubscribed by 25 times, reflects confidence in the company’s growth and role in the stablecoin economy, with revenue rising 118% driven by DeFi and payment system integration.
  • Speculation arose about Ripple acquiring Circle, with Ripple denying making a formal bid. However, market analysts see potential in such a move as Circle’s compliance-driven model and market share could complement Ripple’s product suite in the evolving regulatory landscape.

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