Fortunately, last Thursday, I had an opening ceremony with NYSE TV, and the circle was listed as CRCL on the day. NYSE Studio is located upstairs on the gallery level. My father and I visited the NYSE on the balcony of the same gallery. I remember having the impression that IBM is a Huge Represents the company of the future.
Circle staff and guests submitted at 9:15, which is much larger than most delegations with a louder bell. Not only were the floors full, but both galleries were full. When the applause started, it happened to be at 9:29:30, everything else stopped. This is not the usual opening tea ceremony. New York Stock Exchange Chairman Lynn Martin stood beside the air bouncing circle, CEO Jeremy Allaire, an expert, flooring broker and other floor residents joined Cacophony. The energy took over the entire floor in a breathtaking way.
I asked frankly, Experts traded CRCL’s New York Securities TV station. No one knows what I’m talking about. The producer decided to move our batting measures to the floor with a handheld microphone and turn our theme from Bitcoin to a stable stake. Very good – about stable people.
Standing on the feet of Jeremy Allaire next to Bell’s balcony, we went through our five-minute segment, which was pure electric. It’s a feeling when you finish the marathon, and a brilliant volunteer puts the medal around his neck.
Achievements and verifications. It’s a casual moment of friendly SEC and meaningful blockchain legislation, but it doesn’t have the ecstasy atmosphere of MSTR or the young Defi boom. It feels mature and financially-celebrated.
A long time
USDC will live quickly in September 2018, just before the local peak of U.S. interest rates. In retrospect, it’s a convenient launch time, and carrying (the gains that support assets) is positive, but the earnings expectations for cryptocurrencies (which mostly grow up in a world of zero interest rates) are still low. When Covid hit, in 2020, ZIRP (the policy of zero interest rates) suddenly returned, threatening business models but prompting cryptocurrency adoption and experimentalism.
Stablecoins faces when the Fed actively raises tax rates in 2022 to help metabolize $5 trillion in common fiscal stimulus Opposite A combination of supportive and threatening forces: higher incomes, but traumatizing markets.
Circle’s failed SPAC attempts crossed this transition. It was announced in July 2021 that when the 3-month yield was 0.05%, the Concord acquisition agreement was renegotiated in February 2022 (as interest rates began to rise its historic climb) and was eventually terminated in December 2022, just in December 2022 – the rate reached 4.42%. The SEC has never declared the S-4 registration statement valid. The deals waiting for regulatory approval “timeout” are like the basic economics of the Circle business are enhanced by rising interest rates.
Like output
Now, the model has adapted to a 4-5% interest rate environment and seems to be working. USDC holders can receive “rewards” similar to risk-free returns on Coinbase. On-chain cash holdings and collateral can be enhanced by tokenized treasury. this Genius’ behavior towards stability Good traffic conditions appear, opening up the market for greater adoption and participation.
The U.S. government has a new potential multi-million dollar client for U.S. Treasury bonds, providing much-needed demand for U.S. debt, which has become chess in global trade. Despite the significant interest rate risk in recent profitability, Circle (and other Stablecoin issuers) are enjoying good carry situations, which is a scrutiny of attention for CRCL shareholders and analysts.
