Free Republic

Are you ready for the Circle IPO? The “stablecoin” giant just filed to go public. It’s aiming for a valuation between $4 billion and $5 billion and plans to list on the NYSE as early as June under the ticker CRCL. It will be the biggest crypto IPO since Coinbase (COIN) went public back in 2021. Circle is the company behind USD Coin (USDC)— the world’s second-biggest stablecoin. I’ll share my favorite way to profit from the rise of stablecoins in a minute. First, let me quickly break down what stablecoins are and why they’re a huge disruption to the...

I just learned of the existence of this betting platform. The current election odds there are Trump 52% Harris 47%. Per Wikipedia: Polymarket is a decentralized prediction market platform that allows users to place bets on world events. Users buy and sell shares using cryptocurrency to bet on the likelihood of future events taking place. Founded in 2020 by Shayne Coplan, Polymarket is an online prediction market platform that would allow users to trade on the outcome of world events. In June 2023, Mother Jones reported that interest around the company had increased after a tweet about the outcome of...

SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V) today announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum—one of the most actively used open-source blockchains.1 Visa is piloting the capability with Crypto.com, a Visa partner and one of the world’s largest crypto platforms, and plans to offer the USDC settlement capability to additional partners later this year. “Anchorage’s platform has been purposefully built for institutions like Visa to build new products in crypto. We’ve been with...

Cryptocurrency giants Coinbase & Circle launch dollar-backed USDC 'stablecoins' (Goldman Sachs Fed Reserve NWO Fedcoin) https://www.cnbc.com/2018/10/23/cryptocurrency-giants-coinbase-and-circle-form-a-joint-venture-to-boost-adoption-of-dollar-backed-stable-coins.html The “CENTRE Consortium,” as it’s being called, will establish standards for listing fiat currencies in a digital form. The group is aiming at mainstream adoption of cryptocurrencies known as “stablecoins,” which are backed by a government currency like the dollar. Goldman Sachs backed Circle and Coinbase, which is reportedly valued at $8 billion, are among the best-known and most well-funded cryptocurrency companies. A stablecoin known as "USD coin," which Circle says is pegged 1:1 with the U.S. dollar, will be available to buy and...