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Nick, the co-founder and CEO of Coin Bureau, stated on platform X that Circle's IPO was a huge success, with 34 million shares sold at around $31 per share, bringing in roughly $1 billion. However, this amount is only the quarterly operating profit of its main competitor, Tether, and there is still a significant gap between the two. Currently, USDT holds more than 60% of the stablecoin market share, while USDC's market share is less than one quarter.