Circle—Stablecoin Behemoth—Makes Power Play for NYSE IPO
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Wall Street’s about to get a crash course in crypto’s most boring—and most profitable—corner.
Circle, the $9 billion behind USDC, just filed to go public on the NYSE. No valuation disclosed—but expect bankers to pitch this as ’the PayPal of blockchain’ while quietly sweating the regulatory microscope.
Funny how stablecoins became the Trojan horse for crypto’s Wall Street invasion. First BlackRock’s ETF, now this. TradFi’s embracing the very thing it spent years calling a scam—just follow the fee revenue.
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