Jeff Dorman sharply criticized Circle’s allocation, calling it inappropriate. This response from Arca, an early supporter, highlights frustrations with Circle’s management. Dorman stated now Arca is closing all accounts with the stablecoin issuer.
Circle’s public trading commenced on June 5, representing a significant milestone for industry growth. As the issuer of the second-largest stablecoin by market cap, this step opens avenues for traditional finance liquidity.
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