The Next Wall Street Hijacking: USDC

in LeoFinancelast year

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After Bitcoin, Wall Street has its eyes on something else.

In this video I discuss how Circle, the firm behind USDC, is having an IPO. By going public, anyone can purchase it. This means major Wall Street firms such as Blackrock and Fidelity can take a piece of the company. This means that, over time, the shares are going to end up in the hands of the major firms and hedge funds.


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I'm curious as to why they would even need to take over USDC. Now that they are more open to crypto, why don't Wall Street just pool their funds and create a new token that is backed and fully supported by the government.

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