$USDC

Circle is the world's second-largest stablecoin issuer, issuing the US dollar stablecoin USDC. According to foreign media reports, Circle has officially started the IPO process and is expected to be listed in a few weeks, attracting significant market attention.

Reports from foreign media such as CNBC indicate that on April 1, Circle officially submitted its IPO application to the U.S. Securities and Exchange Commission (SEC), planning to be listed on the New York Stock Exchange under the ticker symbol 'CRCL.US', with a target valuation of up to $5 billion.

According to the IPO prospectus, Circle's operations show a trend of annual growth, with projected revenue and income from reserve assets reaching $1.68 billion in 2024, higher than $1.45 billion in 2023 and $772 million in 2022.

However, Circle's net profit for 2024 is expected to be $156 million, down from $268 million in 2023, but significantly improved compared to a net loss of $769 million in 2022.