The $400 million is Class A stock, priced on a 20-day average that will not be struck until a close expected in 2027. Neither company disclosed Tazapay's revenue, which leaves annualized volume as the only denominator on offer.
Perspective Coverage
6 publishers
- Builder
- Builder 16%
- Operator
- Operator 42%
- Investor
- Investor 42%
Reality
- Evidence72
- Adoption40
- Hype gap+30
- Incentives70
- Confidence68
Kalshi and its investor Paradigm sat with Coinbase, Ripple and Chainlink at the White House, one day before the CFTC's new advisory committee met. The seating chart is the substance.
Perspective Coverage
9 publishers
- Builder
- Builder 19%
- Operator
- Operator 38%
- Investor
- Investor 43%
Reality
- Evidence60
- Adoption
- Insufficient
- Hype gap+35
- Incentives65
- Confidence55
Outside issuers have tokenized an estimated $314 million to $345 million of Circle's stock, about 1.7% of its market value, Crypto Briefing reported. Token holders are not shareholders of record, so each token's tie to the $80-to-$82 share depends on the firm that wrapped it.
Reality
- Evidence42
- Adoption40
- Hype gap+15
- Incentives
- Insufficient
- Confidence40
Qube Research & Technologies joined Circle, Ripple and SC Ventures in funding OKX at $25 billion, the valuation ICE paid in March. Whether that price was cheap depends on OKX's ICE joint venture winning approval to list tokenized shares of 63 U.S. companies.
Perspective Coverage
9 publishers
- Builder
- Builder 14%
- Operator
- Operator 35%
- Investor
- Investor 51%
Reality
- Evidence62
- Adoption12
- Hype gap+25
- Incentives72
- Confidence60
Binance paid $100 million for 1,237,011 Circle shares and signed a five-year USDC agreement whose incentive fee is a percentage of balances held in Circle's wallet product. The filing does not disclose the percentage.
Reality
- Evidence72
- Adoption38
- Hype gap+32
- Incentives78
- Confidence70
Cathie Wood says analysts covering Visa and Mastercard are missing stablecoin disruption. Circle's $48M quarter finally gives the argument numbers, and the numbers cut both ways.
Reality
- Evidence34
- Adoption68
- Hype gap+38
- Incentives74
- Confidence33