Circle Partners With Brazil's Matera on Multi-Currency Payments
The partnership will leverage Matera's real-time ledger, Digital Twin, to allow banks to hold stablecoin balances directly within their platforms. This will enable Brazilian reais, US dollars and stablecoin USDC to coexist in a single environment, facilitating payments and eliminating the need for a correspondent banking system, which often brings settlement delays and added costs from intermediaries.
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1 top growth stock up 233% to consider buying in July
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Craig Stephens, a 50-year-old investor, has been investing in companies before their IPOs for over a decade. Stephens got his start before more mainstream brokerages offered pre-IPO investing with Loyal3, an online broker that shut down in 2017. Some of his notable investments include Instacart, Arm Holdings, and Circle. Stephens noted that this method's success rate depends on the overall demand for the IPO and individual account size. In his experience, he's found that legacy brokers have higher capital requirements. And while Robinhood and SoFi are more accessible for everyday investors, higher demand on these platforms often leads to investors only receiving a fraction of the shares they requested. Qin himself requested Circle shares on Robinhood but didn't end up receiving any because demand was so high, he told Business Insider. It's common for companies to offer IPO access to employees, and sometimes even loyal customers or users. 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It's important to do your homework before buying into IPOs, Qin emphasized. It's an investment more suited to those with a higher risk tolerance, as early valuations can be unpredictable, and the share price can be prone to fluctuation after the company goes public. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
