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#circle

4 posts4 participants1 post today
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⚯ Michel de Cryptadamus ⚯

#FinancialTimes did a deep dive on the business model of the world's second largest #stablecoin: Circle's #USDC. It's the one that's managed by an American company and is significantly less connected to Chinese organized #crime than the other #stablecoins.

Circle, which has a very deep business relationship with #Coinbase, is trying to go public this year or next. This is their second attempt - they filed to go public ca. 2021 but ended up not doing so because... no one wanted to buy shares in a company like Circle.

I suffered through reading Circle's original SEC filing in 2021 and it made clear that a) Circle wasn't making any money and b) executive compensation was *absurdly* high... but that was in a low interest rate environment. according to #FTAV they can't even make the math work in today's high interest rate world, which surprised me.

* FT: ft.com/content/269a9260-7445-4
* no paywall: archive.ph/9gGGm

screenshot of link
#crypto#uspol#finance
Replied in thread
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Ronsboy67

Drama Recs Challenge Day 22

2 #KDrama possibilities - #Circle & especially #MyPerfectStranger are mysteries I'd recommend - but in the end #JDrama #OkitegamiKyōkoNoBibōroku wins for #DramaRecsChallenge because "addictive".

The addictive mystery is "who is she, and why is she a detective?" Since we never find out, I was left craving an S2 . TEN YEARS later, and having watched it FIVE times, I still wish there could be an S2 to explore that mystery. I'd say that counts as an addiction 🤔

An image of a calendar, challenging the person posting it to mention an East Asian Drama each day that meets the listed criterion for that day. Day 22 is "an addictive mystery"
Poster for the Japanese Drama The Memorandum of Kyoko Okitegami. A man and a woman are sitting back to back on a low wall. The man in a grey top and dark trousers is holding a pen in his right hand and a notebook in he left. The woman is in a long green dress, with one leg raised onto the wall. She's holding a pen in her right hand and From the knee to the ankle of the exposed leg is writing, also on her arm and his face.
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De Correspondent RSS

[05:45] De kracht van Europa zit in zacht

De Amerikaanse president Donald Trump zet Europeanen graag weg als verwende, vastgeroeste softies, maar juist in onze zachte waarden zit onze weerbaarheid.
De beelden bij dit verhaal zijn afkomstig uit ‘A Circle of 12 Gold Stars on a Blue Background’ van fotograaf Jan Staiger. Lees meer over zijn serie onder dit verhaal.
Als er een ding is waarvoor Europa níét gemaakt is, is het snelle verandering. Toch staat de EU noodgedwongen voor een enorme transformatie, nu duidelijk is dat de Verenigde Staten niet langer de betrouwbare bondgenoot van de afgelopen decennia zijn. De Correspondent en maak meer verhalen mogelijk voorbij de waan van de dag.
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decorrespondent.nl/15961?pk_ca

#Amerikaanse #DonaldTrump #Europeanen #Circle #12GoldStars #JanStaiger #Europa #EU #VerenigdeStaten #5

decorrespondent.nlInloggen - De Correspondent
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⚯ Michel de Cryptadamus ⚯

Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like #Tether and #Circle (#Coinbase). One of the two would also let #ElonMusk print his own dollars.

Senate #Democrats like #KirstenGillibrand, #ElissaSlotkin, and #RubenGallego, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).

Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering & other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.

prospect.org/power/2025-03-10-

screenshot of headline
#crypto#senate#uspol
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