$USDC

Circle, the issuer of USDC, has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker symbol CRCL. The company reported $1.68 billion in revenue last year, though net profit fell to $157 million due to higher operating costs and incentive payouts to partners like Coinbase.

Circle recently minted $250 million USDC on May 6 and another $73 million on May 7. This surge in issuance could boost crypto market liquidity and potentially influence assets like Bitcoin