Coin Bureau: Circle's IPO financing scale is only Tether's quarterly operating profit

According to a report by Golden Finance, Nic, co-founder and CEO of Coin Bureau, stated in an article on X platform that Circle's IPO was a huge success, selling 34 million shares at a price of about $31 per share and raising about $1 billion in funding. However, this funding is only the operating profit of its main competitor Tether for one quarter, and there is still a significant gap between the two parties. Currently, USDT holds over 60% of the stablecoin market share, while USDC's market share is less than a quarter.