US EditionStablecoin Giant Circle Files for Initial Public Offering
- Circle, the issuer of USDC, officially filed for an IPO with the SEC on Tuesday, April 1, 2025.
- Circle's previous attempt to go public via a SPAC merger failed in 2022 due to regulatory challenges.
- JPMorgan Chase and Citi are assisting Circle with the IPO, aiming for a valuation between $4 billion and $5 billion.
- USDC's market capitalization is approximately $60 billion, representing about 26% of the total stablecoin market.
- Circle's IPO marks a significant step for the crypto industry, potentially setting a benchmark for other crypto firms seeking public listings.
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Stablecoin leader Circle files for IPO
Circle Internet Group disclosed a nearly 16% jump in revenue after markets closed on Tuesday, as the USD Coin issuer attempts a second go at listing on the New York Stock Exchange.The company reported revenue and reserve income of $1.68 billion for last year, compared with $1.45 billion in 2023. Net income from continuing operations was nearly $157 million in 2024 versus $271.5 million in the previous year.The IPO market is currently in a delica…
Circle, Issuer Of the World's Second-Largest Stablecoin, Files For IPO Amid Trump's Support For Dollar-Pegged Cryptos - USData (OTC:USDC)
Circle Internet Financial, the issuer of the world’s second-largest stablecoin, USD Coin (CRYPTO: USDC), filed a prospectus for an initial public offering with the Securities and Exchange Commission on Tuesday.
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