Goldman, Citi Commit $270M to Their Own Stablecoin: Can Tether and Circle Hold On?
Goldman, Citi and 19 other firms fund a $270M stablecoin to take on Tether and Circle. Here is what it means for Circle stock.
| Ticker |
V
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| CIK | 0001403161 |
| SIC | 7389 |
| Sector | Services |
| Industry Category | Business Services |
| Industry Group | Services – Misc. Business Services |
| Address | P.O. BOX 8999, SAN FRANCISCO, CA, 94128-8999 |
| Website | usa.visa.com |
| Phone | 650-432-3200 |
| CEO | Alfred F. Kelly |
| Employees | 26,500 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Goldman, Citi Commit $270M to Their Own Stablecoin: Can Tether and Circle Hold On?Goldman, Citi and 19 other firms fund a $270M stablecoin to take on Tether and Circle. Here is what it means for Circle stock. Monad Is Now a Settlement Option in Visa’s Stablecoin ProgramVisa hasn't announced the addition itself, and the Monad Foundation's release doesn't say which stablecoins will settle on the network. US credit card debt hits record $1.29 trillion in third quarterInvesting.com -- Credit card balances in the United States rose by $22 billion in the third quarter to reach a record $1.29 trillion, according to the Federal Reserve Bank of New York's household debt report released today. The balances increased 4.2% compared to the same period last year. Bill Ackman’s Best Buy Is Already Up 27%. Is It Too Late to Follow Him?Key TakeawaysFour of the five stocks Bill Ackman’s Pershing Square bought or added to in the second quarter are up since June 30: Mastercard, Visa, S&P Global and Meta Platforms. Netflix is down 11%. Visa (V) Stock Could Be Reasonable With Excess Returns IntactVisa has delivered strong long term gains for shareholders, which puts a spotlight on whether the current share price is properly supported by the returns the business earns on its capital. With the stock now reflecting years of compounding performance and a growing role in global payments, the question is how much of those capital returns are already embedded in today’s valuation. Over the past 5 years, Visa has returned 106.5%, which raises the question of whether the company’s returns on... |