2,286 subscribers
Go offline with the Player FM app!
USDC's Circle Just Filed to IPO. Would It Make a Good Investment? - Ep. 812
Manage episode 475183713 series 1822984
USDC stablecoin issuer Circle has filed for an initial public offering with the SEC, as Trump’s tariffs cause turmoil in the markets and stablecoin bills make their way through Congress, promising to upend competition.
The information in its prospectus shows a company that has few aces up its sleeve, a lot of business deals to make and a perhaps lofty valuation.
Omar Kanji, Partner at Dragonfly, joined the show to explain:
- How Circle can get USDC into the hands of users
- Circle’s staggering regulatory compliance costs vs. the likes of Tether
- Circle’s S-1 valuation of $5 billion
- Forthcoming regulatory clarity and how it changes the stablecoin game
- The potential impact of tariffs on Circle’s success
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guest
- Omar Kanji, Partner at Dragonfly
Links
Previous coverage on Unchained:
How a Radical Proposal in Trump’s World Could Hurt Stablecoins, but Boost Bitcoin
Coinbase Aims to Jointly Pass Market Structure and Stablecoin Legislation in Congress
Stablecoin Bills Could Squeeze Out $140 Billion Tether
Circle files an initial public offering
- SEC: Circle’s S-1 Filing
- Coindesk: Circle is going public
- Fortune: 5 key takeaways
- X @dom_kwok: Circle’s IPO is historic
- Bloomberg: Bitcoin Succumbs to Risk Asset Slump as Trump Sets Tariffs
Timestamps:
🤝 0:00 Introduction
🫰 4:04 Circle’s shockingly high distribution costs for USDC
💲 7:11 How much does Circle’s revenue depend on interest rates?
🤯 10:46 Circle’s staggering regulatory compliance costs vs. the likes of Tether
📈 16:02 How imminent regulatory clarity for stablecoins helps and hurts Circle
🫤 23:11 Is Circle’s $5 billion valuation realistic?
⚖️ 25:21 How stablecoin competition might look after stablecoin bills become law
😰 28:14 How will Trump’s tariffs affect Circle’s IPO?
Learn more about your ad choices. Visit megaphone.fm/adchoices
890 episodes
Manage episode 475183713 series 1822984
USDC stablecoin issuer Circle has filed for an initial public offering with the SEC, as Trump’s tariffs cause turmoil in the markets and stablecoin bills make their way through Congress, promising to upend competition.
The information in its prospectus shows a company that has few aces up its sleeve, a lot of business deals to make and a perhaps lofty valuation.
Omar Kanji, Partner at Dragonfly, joined the show to explain:
- How Circle can get USDC into the hands of users
- Circle’s staggering regulatory compliance costs vs. the likes of Tether
- Circle’s S-1 valuation of $5 billion
- Forthcoming regulatory clarity and how it changes the stablecoin game
- The potential impact of tariffs on Circle’s success
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guest
- Omar Kanji, Partner at Dragonfly
Links
Previous coverage on Unchained:
How a Radical Proposal in Trump’s World Could Hurt Stablecoins, but Boost Bitcoin
Coinbase Aims to Jointly Pass Market Structure and Stablecoin Legislation in Congress
Stablecoin Bills Could Squeeze Out $140 Billion Tether
Circle files an initial public offering
- SEC: Circle’s S-1 Filing
- Coindesk: Circle is going public
- Fortune: 5 key takeaways
- X @dom_kwok: Circle’s IPO is historic
- Bloomberg: Bitcoin Succumbs to Risk Asset Slump as Trump Sets Tariffs
Timestamps:
🤝 0:00 Introduction
🫰 4:04 Circle’s shockingly high distribution costs for USDC
💲 7:11 How much does Circle’s revenue depend on interest rates?
🤯 10:46 Circle’s staggering regulatory compliance costs vs. the likes of Tether
📈 16:02 How imminent regulatory clarity for stablecoins helps and hurts Circle
🫤 23:11 Is Circle’s $5 billion valuation realistic?
⚖️ 25:21 How stablecoin competition might look after stablecoin bills become law
😰 28:14 How will Trump’s tariffs affect Circle’s IPO?
Learn more about your ad choices. Visit megaphone.fm/adchoices
890 episodes
All episodes
×

1 Jeff Park Says the 60/40 Portfolio May Be Dead. Here’s His Radical Fix - Ep. 844 1:24:24


1 Bitcoin Treasury Companies Are Taking Off. Could They Eventually Crash? - Ep. 843 42:09


1 Decentralization Used to Mean Something. Now It’s Just a Vibe. – The Chopping Block - Ep. 842 53:20


1 Does High REV Signal a Blockchain's Strength or Its User Exploitation? - Ep. 841 1:22:00


1 Why a U.S. Ban on Yield-Bearing Stablecoins Would Help 'Too Big to Fail' Banks - Ep. 840 45:46


1 Bits + Bips: Why Rate Cuts Are Less Likely This Year, but Crypto's Outlook Is Positive - Ep. 839 1:22:23


1 Linda Xie on How Mini-Apps Are Helping Farcaster Take on Web2 Social Media - Ep. 838 1:00:28


1 How the Attack on Coinbase Shows the Dangers of Centralized Exchanges - Ep. 837 47:01


1 The Chopping Block: Rugs, Incentives & Float Lies, Mosi Breaks It All Down - Ep. 836 57:25


1 Bits + Bips: Are the U.S. and China About to Reshape the Global Economy? - Ep. 835 1:12:48


1 Crypto Pump & Dumps Have Become the Ugly Norm. Can They Be Stopped? - Ep. 834 1:17:20


1 The Chopping Block: Can Crypto Clean Itself Up? Market Structure, Trust, and Regulation - Ep. 833 1:04:47


1 Why the Senate Stablecoin Bill Stalled & What It Means for Crypto - Ep.832 28:23


1 Coinbase Acquired Deribit for $2.9 Billion. Here’s Why It Matters - Ep. 831 42:41


1 Bits + Bips: Why Warren Buffett's Strategy Would Lose Big Time in Crypto - Ep. 830 1:08:07
Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.