Circle Is Going Public… But Can It Survive the Stablecoin Wars? We just published one of the most detailed breakdowns of Circle’s IPO out there. 💸 $908M paid to Coinbase 📊 99% of revenue tied to interest rates 🏦 JPMorgan, Walmart, PayPal, and Meta circling 📉 What happens if the Fed cuts rates to zero? Circle’s entering public markets just as corporate America gears up to launch its own stablecoins. We dig into the S-1, revenue model, balance sheet, and macro risks ahead. Will Circle lead, or get outcompeted and fade?