Jeff Dorman, the chief investment official in ARCA, said that the digital investment company has sold all its shares in the wake of the last list of Stablecoin on the New York Stock Exchange.
The update came to follow a strong open message published by Dorman on social media on June 5, and criticized Circle to give the investment company to allocate “throwing” in the first public offering in Circle (IPO).
According to Dorman, ARCA has submitted a $ 10 million request in Circle shares in April 2025 and only received $ 135,000 despite being a long -standing supporter and one of the first investors to make an offer. The executive authority wrote in a loaded letter now:
“We have taken you separately two months before reference to our request, and thanked us for support. If you are going to Wow[***] We finally, the least that you could have done was to tell us two months ago, so we haven’t missed the time of our analysts’ teams and OPS in a deal you have no intention to customize the shares for us. “
“Arca closes all our accounts with Circle and will tell every single merchant we are working with that we will not accept Usdc now,” Dorman.
Cointelegraph communicates to Circle to comment on the message but he did not receive a response to the time of publication.
The general list of Circle is an important development in the encryption industry as the second largest STABLECOIN company, the USDC, with the total market value of more than 61 billion dollars, which can now reach the deepest capital market in the world.
Related to: Blackrock Eyes 10 % in General IPO – Circle – Report
Circle lists on Nyse to Trading Frenzy
Circle began trading on the New York Stock Exchange on June 5 under CRCL TECKER, after the public subscription that raised $ 1.05 billion.
The shares of the company increased by 167 % on their backs for the first time, closing the trading day at $ 82.
The arrow continued the gathering on June 6 and currently trading about $ 115 per share during the hours of the day.
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