I was excited about circle because of USDC growth. I put down 10k in their spac. Wait. You guys pushed back ipo? Why
They had to increase valuation. Read the new investor report. If Fed increases interest rates, they project to profit like 700M in 2023.
Less profit because of higher interest rate?
No. They are going to make massively more profit than they originally projected if USDC circulation keeps rising and interest rates go up. See https://www.circle.com/hubfs/investors/Circle%202022-2023%20Financial%20Projections.pdf (latest) vs https://www.circle.com/hubfs/investors/Circle-Investor-Presentation-July2021.pdf Projected EBITDA increased over tenfold
Fake news?