Money Makers Mentor

Stablecoin Operator Circle Prepares To Make Wall Street Debut

stablecoin operator Circle will be listed on the New York Stock Exchange by the end of this year. It will become the first of its kind to do so. This will see the recent surge in cryptocurrency companies going public continue. Circle is expected to trade under the name CRCL, in a deal worth $45 billion headed by Barclays.

Why is Circle going public?

The decision to make Circle public stems from growing concern over regulation and security for cryptocurrencies. CEO Jeremy Allaire’s says Circle aims to be the most ‘public and transparent’ stablecoin operator in the market. This follows various crackdowns on cryptocurrencies by regulators. For example, Binance withdrawing its UK operations, as well as various governments cracking down on Bitcoin. In response to these events severa…

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