Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Wednesday, November 8th, and today we are talking about the industry

moving on. Before we get into that, however, if you are enjoying the breakdown, please go subscribe

to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the breakers discord. You can find a link in the show notes or go to bit.ly slash

breakdown pod. Hello, friends. Well, as you know, we have been sort of locked in the past,

thanks to this SBF trial. But now that is over. We're finally moving forward. And you can start

to feel a difference in the tone of the industry and the feeling of the people in it in the

announcements coming out. And so today we're going to look at a couple of examples of that,

with the past clearly at our backs and facing towards the future. So kicking off,

according to Bloomberg, Stablecoin issuer Circle is considering an IPO for early next year.

Now Circle, of course, attempted to go

public via SPAC in 2022, but their efforts fizzled out after the SEC refused to approve the deal.

Bloomberg sources said that Circle is in discussions with advisors in preparation for a potential IPO.

Now, while there's no certainty that the company will move forward with the process,

the firm has reached a high valuation as a private company making it a prime candidate to go public.

Circle last raised money at a $7 billion valuation in April 2022, and the failed SPAC later that year was priced at a $9 billion valuation.

What's more, big-name financial institutions, including Goldman Sachs, BlackRock, and Fidelity are all current investors. Now, Circle for their part are tight-lipped, stating, quote,

becoming a U.S. listed public company has long been part of Circle's strategic aspirations.

We don't comment on rumors.

Cryptotraider Tolks wrote,

...