Coin Bureau Co-Founder: Circle's IPO Funding Size is Only a Quarter of Tether's Operating Profit
Coin Bureau co-founder and CEO Nic stated on the X platform that Circle's IPO was a huge success, selling 34 million shares at approximately $31 per share, raising about $1 billion. However, this amount is only equivalent to the quarterly operating profit of its main competitor Tether, indicating a significant gap between the two. Currently, USDT holds over 60% of the stablecoin market share, while USDC's market share is less than a quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
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