Tier 2 Circle Stablecoin

• [UNVERIFIED] Circle’s reserves are held mainly in cash and short-term treasuries.

  holding reserves mainly in cash and shortterm treasuries

• [UNVERIFIED] Approximately 60% of Circle’s IPO came from existing stakeholders rather than new shareholders, a structure reminiscent of the Facebook IPO in 2012.

  about 60% of this came from existing stakeholders rather than new shareholders of the company. a structure rarely seen in IPOs and reminiscent of the Facebook IPO in 2012

• [UNVERIFIED] Circle’s IPO was priced at $31, surged 168% on the first day of trading, raising approximately $1.1 billion and valuing the company at approximately $6.9 billion.

  It was priced at 31, surged 168% on the first day and uh they raised approximately one$ 1.1 billion dollars and which valued circle around $6.9 billion

  • Correction: Circle did conduct an IPO in January 2025, but the specific metrics (168% return, $1.1B raised, $6.9B valuation) require verification against official SEC filings and trading data.
• [UNVERIFIED] BlackRock indicated plans to purchase large stakes in Circle’s IPO offering and explored going through an SPA with Goldman Sachs and JPMorgan, which could not complete before SVB went bankrupt.

  Black Rock indicated plans to purchase large stakes in the offering and they had ex explored going through a spa and guess who that was with? Oh, Sachs and Champ, but it couldn’t get uh completed before SVB went um bankrupt

• [VERIFIED] Circle Internet Group held $3.3 billion in reserves deposited at Silicon Valley Bank at the time of its failure.

  Circle was heavily affected by Silicon Valley’s bankruptcy because it had 3.3 billion in reserves deposited at Silicon Valley Bank at the bank’s failure