#CircleIPO . The company behind the popular USD Coin (USDC) stablecoin has filed for an initial public offering (IPO) and is expected to list on the New York Stock Exchange under the ticker symbol CRCL ¹.

*Key Details:*

- _Valuation:_ Circle is seeking a valuation of up to $5 billion, which is lower than its previous valuation of $7.7 billion in 2022 ².

- _Financials:_ The company reported a net income of $156 million on $1.68 billion in revenue in 2024, compared to a net income of $268 million on $1.45 billion in 2023 ².

- _Growth:_ USDC has surpassed 60 billion in circulation, setting a new all-time high, and the company is expanding its presence in decentralized finance (DeFi) and traditional financial sectors ².

*Regulatory Environment:*

Circle's IPO comes at a time when the regulatory environment for stablecoins is evolving. The company is pushing for favorable regulations, and the pending GENIUS Act, a bipartisan bill, aims to create a regulatory framework for payment stablecoins ³.

*Competition:*

The IPO will position Circle in direct competition with PayPal, which recently launched its own stablecoin, PYUSD. Circle's USDC will also challenge Tether's dominance in the stablecoin market ².