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Stablecoin issuer Circle will finalize pricing for its IPO shares one hour after the 4pm close of regular trading on the New York Stock Exchange (NYSE) today. That price will provide a formal benchmark with which to value the world’s largest stablecoin issuer, Tether. Already boosted 10% due to investor interest over the weekend and reportedly 25 times oversubscribed as of this morning, shares of Circle will trade under ticker symbol CRCL. Based on early morning estimates, shares will price at least $27-28 apiece at a valuation in excess of $7.2 billion. That estimated range could increase substantially at today’s 5pm pricing. Early access to the IPO is skewing toward Main Street investors, with retail-focused brokerages Robinhood and Webull offering IPO Access. IPO Access allows traders to request shares of a new public company at the IPO price before it lists to the general public on the NYSE. IPO Access allocates brokerages’ limited number of IPO shares base...

In what could be a major shake-up of the industry, Ripple has reportedly offered to buy Circle, the issuer of the USDC stablecoin. Indeed, the company proposed a complete takeover of the company for an offer of around $5 billion, according to a Bloomberg report. The offer was rejected for being too low, according to sources. Moreover, the report notes that the XRP issuer is still considering another offer to acquire the stablecoin firm. In late 2024, Ripple launched its RLUSD stablecoin, creating direct competition with the USDC issuer. JUST IN: Ripple offers to acquire Circle $USDC stablecoin issuer, Bloomberg reports. — Watcher.Guru (@WatcherGuru) April 30, 2025 Also Read: USDC Issuer Circle Approved As Money Service Provider in Abu Dhabi Ripple Proposes $5 Billion Bid to Buy Circle as Stablecoin Issuer Eyes IPO The ongoing growth of the stablecoin industry has been undeniable. Indeed, the total market capitalization of the asset class has officially surpassed the $241 billion mark. ...

Circle wants to IPO, and its S1 filing details the staggering difference between the regulated, US-based stablecoin issuer and its offshore competitor, Tether. Despite their relatively similar sizes, the financials of the world’s two largest stablecoin issuers are miles apart. As of December 31, 2024, there were 137.4 billion circulating USDT and 43.9 billion circulating USDC. Despite USDC’s market capitalization being approximately one-third of USDT, their profitability diverges massively. Specifically, Tether reported a gross profit of  $13 billion that year , while Circle reported just $156 million in net income.  Specifically, Tether reported a gross profit of $13 billion that year, while Circle reported just $156 million in net income. In percentage terms, the market capitalization of USDT was just 213% bigger than USDC, yet its profit was roughly 8,000% bigger . It certainly begs the question of how Tether achieved its extraordinary gains. How come @circle h...