The StableCoin I collection raised the Circle Internet Group approximately $ 1.1 billion in the public subscription, higher than its expected scope, as investors are increasingly attracted to cryptocurrencies.
Circle Internet Group has doubled more than three times the opening price of $ 31, raising $ 1.1 billion. The resulting increase in the market value is expected to be funded by USDC Stablecoin, which can be replaced 1-1 with the US dollar.
Other recent subscription subscriptions in a sign of momentum coding in the market. Companies that focus on encryption like Galaxy Digital alongside Etoro, which runs the encryption trading platform, has been publicly published.
In June, the US Senate approved the Genius Act, a teaching federal bill that defines a regulatory framework to combat the dollar -backed Stablecooins.
According to the S&P Global Market Intelligence, the volume of subscription subscriptions in encrypted currencies in 2021 with 11 bids worth $ 596 million. So far this year, five of the underwriting subscriptions for encryption raised a little more than $ 2.1 billion.
“There is an increased appetite among investors. E subscriptions provide more organized and traditional subscribers for investment compared to direct encryption investments,” says Francois Chadoyk, the main partner of international and national institutions at KPMG, the international and national lead partner for the emerging giants.
There were also the main subscriptions for encryption from non -American companies. Antalpha Platform in Singapore, Antalpha Solutions Platform, launched a US -heading offer in April.
“Attention to encryption subscriptions in the United States is not limited to,” Chadwick says. “Countries like Switzerland and the United Kingdom are home to encryption regulations and have seen companies that follow public lists. Japan and South Korea, both of which have strong encryption markets and supportive regulatory environments, see interest in Blockchain and Crypto IPOS.”
Chadwick pointed out that although it may seem intuitive for encryption companies collecting capital through subscriptions, there are several convincing reasons: “Working subscriptions provide a large capital that the encryption companies can use to expand operations, develop new technologies, and introduce new markets.”
Going to the public also includes a large -scale organizational audit, allowing encryption companies to show their commitment to financial regulations, which can be reassuring for investors.
