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Circle Crushes IPO Targets as Investors Stampede for Stablecoin Giant
Circle Crushes IPO Targets as Investors Stampede for Stablecoin Giant
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Wall Street's latest crypto crush just turned into a full-blown frenzy. Circle—the powerhouse behind USDC—is blowing past its IPO price targets as institutional money floods in. Guess even traditional finance can't resist stablecoin yields when the Fed's playing catch-up.
The offering's now oversubscribed by a margin that'd make your average SPAC promoter blush. Seems the 'crypto winter' narrative just got torched by a $9B+ market cap debut.
Funny how fast the 'too risky' crowd changes their tune when T-bill-backed blockchain tokens start printing. Welcome to 2025—where even blue-chip VCs queue for digital dollar exposure.
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