You will soon be able to trade USDC, figuratively speaking, in the stock market.
Circle, the company that issues USDC (among other things) has recently moved its HQ to New York.
The move was announced by Jeremy Allaire, co-founder and CEO of Circle, on X.
USDC is the king of stablecoins, and it is incredibly profitable, and the revenue also has way too many zeros to count.
A move to the stock market would, in a way, mimic what Coinbase has done.
Generally speaking, Coinbase stock goes up when the crypto market goes up, and viceversa. It’s not always 100 percent correlated, but that’s often the case.
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