🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Circle Expands NYSE IPO, Raises $1.2B; CFO Sells Most Shares
HomeNews* Circle begins trading on the New York Stock Exchange, increasing its maximum share price to $31.
Circle is best known for its USD Coin (USDC) stablecoin, which has $61.5 billion in active circulation. This places Circle as the second largest provider of stablecoins, behind Tether, which leads the market with $153.7 billion outstanding. Unlike Tether, which operates offshore, Circle focuses on being regulated and based in the United States.
The company plans to use proceeds from the offering to support acquisitions and new products. In addition to issuing stablecoins on various blockchains, Circle offers wallet solutions and recently introduced the Circle Payments Network—designed to provide banking and foreign exchange services. This move aims to broaden Circle’s operations and strengthen its presence in the digital finance sector.
During the IPO process, Circle executives sold notable portions of their stock. Co-founder Jeremy Allaire sold shares worth $49 million but still holds $580 million in stock. President and Chief Legal Officer Heath Tarbert, a former CFTC Chair, has $26 million in holdings, not including options. Chief Technology and Product Officer Nikhil Chandhok sold shares valued at $18.6 million, reducing his stake by 31% but retaining $42 million in stock.
Chief Financial Officer Jeremy Fox-Green made the largest individual sale, selling about 1.2 million shares for $37 million. This represents roughly three-quarters of his total position, far higher than the 200,000 shares initially planned for sale according to the prospectus. His current holdings stand at 405,000 shares.
Circle has two classes of shares. The Class B shares have special voting rights and represent 30% of the total votes. Founders Jeremy Allaire and P. Sean Neville own all Class B shares, with Allaire holding most of this bloc.
Previous Articles: