Tag: Issuer

USDC Issuer Circle Prices NYSE IPO at $31 Per Share, Valuing Stablecoin Firm at $6.2 Billion

Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.2 billion. Circle initially planned to offer just 24 million Class A shares, with 9.6 million coming from the firm itself and the remainder from early stakeholders. But as demand soared, the offering ballooned to more than 10 times the original amount. The…

Stablecoin issuer Circle upsizes IPO to over $1 billion

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Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5. Previously, Circle was offering 32 million shares at a range of $27 to $28 per share, up from its first advertised offering of 24 million shares priced between $24 and…

USDC Issuer Circle IPO Pricing Could Jump Above Range After Investor Orders Surge: Bloomberg

Stablecoin issuer Circle Internet Group may price its upcoming initial public offering (IPO) well above its marketed range after demand from investors far outpaced supply, according to Bloomberg. The company has reportedly received orders for more than 25 times the number of shares available in the offering. Circle is expected to finalize its pricing following U.S. market hours on Wednesday. Circle’s most recent filing with the Securities and Exchange Commission (SEC) showed plans to sell 32 million shares at a range between $27 and $28 apiece. At the high end…

USDC Issuer Circle Files for IPO on NYSE: Report

Key Notes Stablecoin giant Circle has officially filed to go public in the United States. With over 24 million shares up for purchase, the firm will trade on the NYSE under the ticker symbol “CRCL”. This IPO filing confirms the firm is not up for sale to Ripple or Coinbase. Circle Internet Financial, the second-largest stablecoin issuer, has taken a significant step on its Initial Public Offering (IPO) push by filing to list on the New York Stock Exchange (NYSE). After several attempts to become a publicly traded firm in…

XRP Has No Issuer, True Decentralization Explained

Key Notes Ripple CTO states XRP has no issuer, challenging centralization claims. XRP Ledger lacks rivalrous features, reducing central control risks. The centralization and decentralization quest among protocols is becoming a defining feature for dominance. David Schwartz, the Chief Technology Officer at blockchain payments firm Ripple Labs Inc, has tried to straighten the narrative that XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B is under centralized control. In his X post, he explained that “XRP has no issuer” and that Brad Garlinghouse is only…

Coinbase backs Canadian stablecoin issuer

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Coinbase has partnered with Canadian stablecoin issuer Stablecorp in a bid to expand access to tokenized Canadian dollars, a company executive told Cointelegraph during the Blockchain Futurist Conference in Toronto. According to Coinbase Canada’s CEO, Lucas Matheson, the exchange is investing an undisclosed amount in Stablecorp and will help market its fiat-collateralized stablecoin, QCAD. “It’s really important that we have a stablecoin for Canadians,” Matheson told Cointelegraph in an exclusive interview on May 13, adding that stablecoins are especially urgent because the country has “no peer-to-peer [payment] rail” and “wire…

Anchorage Digital Acquires USDM Stablecoin Issuer Mountain Protocol

Crypto bank Anchorage Digital has announced an agreement to acquire Mountain Protocol, the issuer of the USDM stablecoin. Expanding Anchorage’s Stablecoin Capabilities Anchorage Digital, federally chartered crypto bank in the U.S., has announced an agreement to acquire Mountain Protocol, the company behind the USDM stablecoin. The deal, which is still subject to regulatory approval, integrates […] Source CryptoX Portal

Helium Issuer Nova Labs Agrees to Pay SEC $200K to Settle Allegations It Lied to Investors About Brand Partnerships

Nova Labs, the parent company behind the Helium blockchain, has agreed to pay the U.S. Securities and Exchange Commission (SEC) $200,000 to settle civil securities fraud charges the regulator filed against the firm in January, a court filing said Thursday. Without admitting or denying any wrongdoing, Nova Labs agreed to pay the fine to settle accusations that it misled institutional investors during a funding round from late 2021 to early 2022, during which it raised $200 million in fresh capital at a $1 billion valuation. In its complaint, the SEC…

Swiss ETP issuer predicts another nation to adopt Bitcoin as reserve, Ethereum resurgence in 2025

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Crypto provider 21Shares anticipates a transformative year for crypto in 2025, projecting Bitcoin’s continued rise, Ethereum’s revenue rebound, and the expansion of stablecoins. Crypto exchange-traded products are projected to reach $150 billion in assets under management by 2025, driven by increasing institutional interest, according to 21Shares’ latest research. The firm’s “2025 State of Crypto Market Outlook,” published on Dec. 9, identifies key factors driving this growth, including rising institutional demand, U.S. approvals of crypto ETPs, and favorable macroeconomic conditions. The outlook also predicts that more nation-states will adopt Bitcoin (BTC)…