Circle's explosive IPO debut signals new era for stablecoins in public markets 📈🔥; Wise's New York migration indicates deepening crisis for London's capital markets 👋🇬🇧
FinTech is Eating the World, 6 June
Hey Everyone,
Good morning & happy Friday! I couldn’t have wished for a better issue to finish another wild week in FinTech 🎂 Today, all eyes are on Circle whose explosive IPO debut signals a new era for stablecoins in public markets (quick recap of the IPO performance and what it indicates + bonus dives into Circle’s intensifying competition & the ultimate list of 110+ real-world stablecoin use cases), and Wise's New York migration that indicates deepening crisis for London's capital markets (London’s growing challenges, what it means for the future of Wise & FinTech per se + bonus deep dive into Wise & why you aren’t bullish on them enough). So let’s just jump straight into the game-changing stuff 🌶️
Circle's explosive IPO debut signals new era for stablecoins in public markets 📈🔥
The BIG News 🔥 Stablecoin giant Circle just delivered one of the most spectacular initial public offerings in recent memory, with shares soaring 168% on their first day of trading to close at $83.23, far exceeding the $31 IPO price.
The stablecoin operator's debut on the New York Stock Exchange represents a watershed moment for cryptocurrency companies seeking public market validation.
Let’s take a look at this, unpack what it means, and see what’s next.