CEO of Ripple Brad GarlingHouse in the future of the encryption company after SEC dropped its investigation, and the adoption of BLOCKCHAIN technologies and its hopes of government organization.
The Circle Internet Group unveiled a jump of approximately 16 % of the revenues after the market was closed on Tuesday, as the US dollar source tries to try the second on the Stock Exchange list in New York.
The company announced its revenues and reserve income of $ 1.68 billion for last year, compared to $ 1.45 billion in 2023. The net income of continuous operations amounted to approximately 157 million dollars in 2024 compared to $ 271.5 million in the previous year.
The Circle logo was arranged on a smartphone in New York, the United States, on Wednesday, February 12, 2025. Stablecoin has gained from Circle Internet Financial. (Gabby Jones / Bloomberg via Getty Images / Getty Images)
the Public subscription market He is currently in a sensitive place, where investors are looking to balance the demand for new lists against the risks offered by economic uncertainty, such as customs tariffs.
However, the United States adopted encrypted currencies, with Paul Atkins, President Donald Trump Choose to lead the Securities and Stock Exchange Committee, and pledged to adopt a more “rational” approach to regulating encryption.
“In many respects, he would have been kicking for a long time under intense general scrutiny,” Jeremy Aller wrote in a speech. “If a company publicly circulated is a continuation of our desire to work with the largest possible transparency and accountability.”
Usdc is the second largest stablecoin Code Overall, according to the Coingecko market.
While the duo mainly dominates the market, the competition was heated. PayPal And Ripple has their own Stablecoins, while Trump’s international financial company promised to launch one as well.
Serkel had previously tried to put it in public through a $ 9 billion inclusion process with a special purpose acquisition company, but the deal was ended in late 2022. It was secretly presented for the subscription last public.
The Circle logo that was arranged in New York, the United States, on Wednesday, February 12, 2025. Stablecoin USDC Financial gained from Circle Internet Financial all the market value that you lost after collapse in encryption prices after FTX failure. Photographer: GA (Gabby Jones / Bloomberg via Getty Images / Getty Images)
Trump moves the “strategic reserve for encryption” forward, and promises to raise the industry
Stablecoins are digital symbols designed to maintain a fixed value. It is backed by traditional low -risk assets such as the US dollar, the euro, or treasury bonds.
JP Morgan and Citigroup are the main subscriptions in the public subscription at Circle. The company is expected to circulate under the “CRCL” index.
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