- Circle IPO odds declined on Polymarket after Trump’s tariffs
- More specifically odds dropped from 96% to 76%
- Tether, on the contrary, took advantage and declared independence
Circle IPO odds declined on Polymarket after Trump’s tariffs, which he announced to a much wider list of countries than expected and shook the markets. Now Circle IPO odds on Polymarket are not 96% as recently, but 76% and it is unknown how Trump’s activities will further affect the caution of companies.
Circle IPO: Company Caution and Lowered Expectations
So, we’ve seen several companies hold off on IPOs due to market uncertainty, including Klarna and StubHub. This has affected expectations for Circle IPO in 2025, which just recently filed with the SEC.

However, the odds of a Circle IPO have dropped on Polyemarket from 96% to 76%, and that’s a very noticeable drop. Also, Circle themselves may decide to postpone the IPO following the example of other companies.

Meanwhile, Tether seems to want to use this situation to its advantage and demonstrate its independence from current events, and Paolo Ardoino made a post on X right before the storm:
Tether doesn't need to go public pic.twitter.com/afa28xdKTg
— Paolo Ardoino 🤖 (@paoloardoino) April 4, 2025
Conclusion
Markets need at least some stabilization to be able to make informed decisions on important moves like IPOs. And given that a similar move for crypto companies is even more complex – Circle maybe even more careful with its IPO and even more in need of a favorable moment that may have to wait.
Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.