$CRCL @Circle Pre-market pricing at 31u, which is already 3x higher? Many people are discussing the timing and context of Circle's $CRCL fundraising, which is quite different from $COIN, and it seems the opening is beyond expectations. Here's a share of Circle's data: This IPO raised over $1.1 billion, with the company's FDV valuation around $8.1 billion, marking the first public listing for a stablecoin issuer. Circle's $USDC stablecoin grew to a market value of $61.4 billion in June this year. Predictions from @Artemis's @jonbma: 💡Expected total stablecoin supply to grow to over $1 trillion within 5 years 💡Benefiting from on-chain finance, US dollar demand, and global payment needs, USDC supply will grow from the current $60 billion to $240 billion by 2028 💡Reserve income to grow from $1.66 billion in 2024 to $6.29 billion in 2028 💡Net profit expected to reach around $1 billion by 2028, with a 30x P/E ratio × $1 billion net profit = $30 billion market value ---- Circle's Growth Catalysts: Large banks (JPMorgan, Bank of America, etc.) considering stablecoin issuance GENIUS Act advancing Stripe launching stablecoin financial accounts Meta attempting to pay content creators in stablecoins ----- It seems the stablecoin track may have just begun ✨