China News Daily Official TheBitTimes.com

The company behind the second-largest USD-pegged stablecoin by market cap is naming its price for its upcoming US initial public offering (IPO). According to a Reuters report, USDC-issuer Circle says it is aiming for a $7.2 billion valuation in its upcoming IPO – about $28 per share – partially because of the current administration’s friendlier outlook on crypto regulations. US dollar-pegged stablecoins aim to maintain a 1:1 value with the US dollar. Tether’s USDT is the largest USD-pegged stablecoin by market value. Says Chief Investment Officer of Running Point Capital, Michael Ashley Schulman, “Issues regarding memecoin hype and more specifically Trump’s ventures into a namesake coin should not directly affect the outlook for stablecoins backed by hard currency.” According to the widely followed pseudonymous crypto analyst The Flow Horse, the Circle IPO valuation is “cheap.” “Circle IPO seems interesting to me....

On Oct. 16, Ripple, the blockchain-based digital payment network, released a job posting for the position of Senior Manager for Shareholder Communications. A member from the community, Chad Steingraber, responded in a post on X, expressing the crypto community’s excitement, voicing that it might signify Ripple’s intentions to make a public offering. Highlighting M&A Shareholder Communications Manager Job Posting | Source: Ripple The job posting highlights that the position would be responsible for developing strategic plans and key messages, including company developments such as mergers and acquisitions, investment, liquidity events and other “high-impact moments.” Anyone notice the recent job openings at #Ripple? The only reason you need a Shareholders Communication Manager.. is for an IPO. https://t.co/jpte8wUiFu pic.twitter.com/VAcIKgPltF — Chad Steingraber (@ChadSteingraber) October 16, 2023 Other noteworthy phrasing is that the ro...