Coin Bureau Lianchuang: Circle's IPO financing scale is only Tether's operating profit for one quarter

According to the news from Coin World, Nic, co-founder and CEO of Coin Bureau, posted on the X platform that Circle's IPO was a huge success, selling 34 million shares at a price of about $31 per share, raising about $1 billion, but this amount of money is only one quarter's operating profit of its main competitor Tether, and there is still a big gap between the two. Currently, USDT occupies more than 60% of the stablecoin market share, while USDC's market share is less than a quarter.