Circle, the second largest tulip—pardon, stablecoin—issuer after Tether, made a Big Bang with its Initial Public Offer at the New York Stock Exchange yesterday. Its share soared 168%, with a traded volume higher than the shares offered.
According to inside information in the hands of Bloomberg, BlackRock, which already manages Circle’s stablecoin USDC that is invested in government money market funds, planned to buy 10% of Circle. As Forbes earlier reported, BlackRock plans to invest a total of $16 trillion in “a new radical dollar rival” by 2030.
