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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Arca criticizes Circle for the low IPO allocation, stating it will switch to USDT.
PANews reported on June 6 that, according to The Block, Circle performed strongly on the first day of listing on the U.S. stock market, raising more than $1 billion, but its long-term partner Arca only received $135,000 in placement shares, far lower than its $10 million subscription application. Jeff Dorman, Arca's chief investment officer, publicly stated that Circle "prioritizes traditional financial institutions" and has "no respect" for crypto-native institutions, and announced that he will close his Circle account and switch to alternative stablecoins such as USDT.