Circle is preparing for an IPO, planning a move to Wall Street in 2025. Despite integrating USDC into the banking systems of Brazil and Mexico, Circle is losing ground to Tether with its 70% stake. Tether has hired Jesse Spiro to strengthen its government ties. Meanwhile, Cathedra is changing strategy to focus on accumulating BTC, and MicroStrategy is planning a new $700 million debt offering to buy bitcoin. 📉