Source: CNBC<\/p>\n
Circle just went\u00a0public.<\/p>\n
It was the biggest crypto IPO since Coinbase (COIN) in\u00a02021.<\/p>\n
The IPO exceeded expectations, putting Circle\u2019s valuation at $6.9\u00a0billion.<\/p>\n
Circle is the company behind USD Coin (USDC)<\/strong>\u200a\u2014\u200athe world\u2019s second-biggest stablecoin.<\/p>\n This is a huge moment for crypto. I\u2019ll share a backdoor way to profit from it in a\u00a0minute.<\/p>\n First, let me quickly break down what stablecoins are and why they\u2019re a huge disruption to the traditional banking\u00a0system.<\/p>\n Technically, a stablecoin can be worth exactly one unit of any currency. Euro stablecoins exist, but they\u2019re insignificant.<\/p>\n US dollar stablecoins are extremely significant. They\u2019re as good as US dollars, and they can be transferred anywhere around the world in mere seconds. 24\/7\/365.<\/p>\n No banks. No waiting. No Western Union. No middlemen or the costs and delays associated with them. Stablecoins are the only way to send $10,000 to a friend halfway around the world in seconds, from your phone, for less than a\u00a0penny.<\/p>\n USDC alone processes $300 billion worth of transactions\u200a\u2014\u200aeach month. In\u00a0fact:<\/p>\n Back in January 2023<\/a>, I predicted stablecoin volumes would eventually eclipse each payment\u00a0giant.<\/p>\n $2.76 trillion worth of stablecoins changed hands last\u00a0year.<\/p>\n And over the past five years, the number of stablecoins in circulation has soared from $4 billion to $230\u00a0billion:<\/p>\n Source: stablepulse.org<\/em><\/p>\n There are now more stablecoins than physical Canadian dollars or British pounds in circulation.<\/p>\n Unique stablecoin accounts have jumped 50% in the last year\u00a0alone.<\/p>\n And 40% of all blockchain transactions are now stablecoin transfers.<\/p>\n The numbers speak for themselves.<\/p>\n It\u2019s the opposite: Stablecoins cement the US dollar\u2019s dominance.<\/p>\n The companies issuing stablecoins back them with US Treasuries at a 1:1 ratio. For every $1 of stablecoins issued, the issuer holds $1 in US\u00a0bonds.<\/p>\n That\u2019s why Tether (USDT)<\/strong>, the largest stablecoin issuer, is the seventh-largest holder of US Treasuries. It holds more US Treasuries than Mexico or\u00a0Germany.<\/p>\n Stablecoins are digitizing and globalizing the dollar. They\u2019re expanding USD\u2019s reach even further, into markets where banking infrastructure is\u00a0limited.<\/p>\n Now, digital dollars are transitioning from the fringe corner of the crypto universe. They\u2019re getting embedded into the mainstream financial system.<\/p>\n Fintech giant Stripe recently acquired stablecoin platform Bridge for $1.1 billion. In its annual report, Stripe called stablecoins \u201croom-temperature superconductors for financial services.\u201d<\/p>\n Room-temperature superconductors are considered a holy grail in chip technology. By removing all friction and costs from sending dollars, stablecoins are acting as a holy grail financial technology.<\/p>\n Now, it\u2019s preparing to issue its own stablecoin.<\/p>\n Elon Musk\u2019s SpaceX uses stablecoins to collect profits from selling Starlink satellites overseas. This will become common practice for most US companies soon.<\/p>\n Meanwhile, Congress is working on stablecoin and market structure bills. These will give crypto all-important regulatory clarity. President Trump has expressed a desire to sign both bills into law by August\u00a02025.<\/p>\n This might be the biggest financial shift no one\u2019s paying attention to. Circle\u2019s IPO could be the moment everyone wakes up to\u00a0it.<\/p>\n You can\u2019t directly make money by buying stablecoins because their prices don\u2019t\u00a0move.<\/p>\n But you can still profit from their\u00a0rise.<\/p>\n Roughly $80 billion worth of stablecoins change hands each\u00a0day.<\/p>\n Over 60% of these transactions happen on Ethereum (ETH) and Ethereum Layer 2 networks like Base and Arbitrum.<\/p>\n If stablecoins are the equivalent of a bank, Ethereum is the SWIFT payment\u00a0network.<\/strong><\/p>\n Each time someone uses Ethereum\u2019s blockchain, they pay a fee for using the\u00a0network.<\/p>\n Last month, fees from stablecoin transactions generated more than $2 million in revenue for Ethereum.<\/p>\n As stablecoin volumes continue their steady march higher, expect revenue from fees to surge. That\u2019s great for Ethereum and Ethereum\u00a0holders.<\/p>\n Right now, ETH is beaten down and unloved. This is your chance to buy it at a discount.<\/p>\n P.S: <\/strong>For smaller cryptos with higher upside, check out this\u00a0report<\/strong><\/a>.<\/strong><\/p>\n \u2014 Stephen McBride, Chief Analyst at <\/em>RiskHedge<\/em><\/a><\/p>\n Backdoor way to profit from Circle IPO<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Source: CNBC Circle just went\u00a0public. It was the biggest crypto IPO since Coinbase (COIN) in\u00a02021. The IPO exceeded expectations, putting Circle\u2019s valuation at $6.9\u00a0billion. Circle is the company behind USD Coin (USDC)\u200a\u2014\u200athe world\u2019s second-biggest stablecoin. This is a huge moment for crypto. I\u2019ll share a backdoor way to profit from it in a\u00a0minute. First, let […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-72130","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72130"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72130"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72130\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A stablecoin is a cryptocurrency worth exactly one US\u00a0dollar.<\/strong><\/h3>\n
Stablecoins now process more transactions than Visa and Mastercard combined!<\/strong><\/h3>\n
Some critics claim stablecoins threaten the US dollar\u2019s reserve currency\u00a0status.<\/strong><\/h3>\n
Not too long ago, Bank of America was closing the accounts of crypto entrepreneurs.<\/strong><\/h3>\n
Here\u2019s a picks-and-shovels way to profit from the rise of stablecoins.<\/strong><\/h3>\n