Exciting times ahead for #Circle and #USDC with news of an #IPO registration
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Circle the company behind the stable coin usdc is believed to have registered for an IPO or an initial public offering as of yesterday is not suggested how many shares will become available and this is not the first time an IPO registration has been talked about with regards to Circle either with a failed
Attempt back in 2021 through a special purpose acquisition company falling through at the time Keen eyes will be upon the developments of this IPO with usdc being a prominent f in the crypto and stable coin world we may have more updates from their visit to the world economic forum’s Davos event next week
On this but one thing for sure exciting times are ahead for Circle
14 Comments
i guess everyone forgot the time that USDC depegged 💁♀️
I doubt they'll get approval for going public. They were rejected before, and it'll happen again. Circle is rife with fraudulent activities, printing USDC out of thin air. They shouldn't be allowed to go public.
As if that'll make a difference. Ever since USDC depegged, folks stopped using it. They're shifting to safer and more transparent stablecoins. Who'd trust USDC when it can cost you your money so easily?
Wasn't Circle given a Wells Notice by the SEC? Do you think that would affect their application?
Circle won't survive till the approval of their IPO if they keep on printing USDC out of thin air. 😆
they made the filing for ipo "confidential" because circle wants to lobby or bribe gensler for ipo approval 🤣 but honestly, i don't think anything happened with gensler having his plates full with the trouble ftx is giving…
they won't be allowed to go public anytime soon especially if the only choice is a scam stablecoin like $usdc. why would a government approve of a stablecoin that puts its so-called reserves into failing banks and can just depeg easily because of it?
if you ask me, Circle is already on the brink of bankruptcy. they've been showing signs lately. lower trading volume, lower market capital, and they're even taking out some of their users USDC from their mint.
funny that circle keeps attempting an ipo yet they can't make the effort to hire a reputable accounting firm for usdc audits. circle is definitely hiding something.
doesn't matter if they get the ipo or not. as long as circle doesn't prove that its reserves exist, then usdc may just as be as worthless as play money. it can just depeg anytime…
i do wonder why they kept the filing a secret. maybe to save face when they get declined again by the sec to go public? because i doubt they'll approve a stablecoin company that is hugely known for fraud.
Do people still use USDC? I thought they were delisted from tons of major exchanges…
USDC is going to be the next UST lol
A good teaching from pastor ankur nerula