Brian Armstrong, CEO of Coinbase Global Inc., has publicly endorsed USDC (USD Coin) as "the most trusted stablecoin" amid Circle Internet Financial's highly anticipated Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) under the ticker "CRCL".
Circle’s USDC: A Leader in the Stablecoin Market
Armstrong celebrated Circle’s milestone on X (formerly Twitter), praising the company’s achievement as a win for crypto adoption and regulatory progress. Key highlights:
- Lifetime USDC volume: ~$30 trillion.
- IPO listing: Signals growing institutional trust in stablecoins and crypto infrastructure.
👉 Why USDC’s compliance strategy sets it apart
USDC vs. USDT: The Stablecoin Rivalry
While Tether’s USDT long dominated the market (with $13B profits in 2024), USDC gained ground due to:
- Transparency: Circle’s adherence to MiCA regulations in the EU.
- Institutional confidence: Coinbase’s planned delisting of non-compliant stablecoins like USDT.
Market shifts:
- USDC’s regulatory-first approach attracted payment-sector partnerships.
- USDT faced scrutiny over Proof-of-Reserves (PoR) disclosures.
Circle’s IPO: A Strategic Move
Circle’s SEC filing in March 2025 targeted a $7.5B valuation, with:
- IPO size: $896M (upsized due to demand).
- Underwriters: JPMorgan, Goldman Sachs, Barclays, and others.
- Stock performance: CRCL surged 200%+ at launch, trading above $90.
Ripple and Coinbase’s Acquisition Rumors
Earlier speculation about Ripple Labs or Coinbase acquiring Circle was quashed after:
- Circle’s rejection of Ripple’s $4–5B offer (deemed undervalued).
- Focus on IPO over acquisition.
👉 How Circle’s IPO impacts crypto’s future
FAQs About USDC and Circle’s IPO
1. Why is USDC considered more trustworthy than USDT?
- Regulatory compliance: USDC follows MiCA and other global frameworks.
- Transparency: Regular audits and banking partnerships.
2. What does Circle’s IPO mean for crypto?
- Legitimacy: Signals institutional acceptance of stablecoins.
- Growth: Funds will expand USDC’s use cases (e.g., payments, DeFi).
3. Will Coinbase continue supporting USDC?
Yes—Armstrong’s endorsement aligns with Coinbase’s regulatory-compliant strategy.
Conclusion
Circle’s IPO and USDC’s rising dominance mark a pivotal moment for crypto’s integration into traditional finance. With transparency and compliance as cornerstones, USDC is poised to challenge USDT’s market lead.
Disclaimer: This content is informational only and not financial advice. Crypto investments carry risks.
**Keywords**: USDC, Circle IPO, stablecoin, Coinbase, Brian Armstrong, crypto regulations, MiCA, NYSE, CRCL