#CircleIPO Circle Internet Financial, the issuer of the USD Coin (USDC) stablecoin, has been actively preparing for an Initial Public Offering (IPO). USDC is the second-largest stablecoin by market capitalization, backed by cash and short-term U.S. Treasury bonds. As of mid-2024, there are approximately $35 billion worth of USDC tokens in circulation, down from a peak of over $56 billion in mid-2022..

Circle's IPO is anticipated to proceed following the SEC's review and subject to market conditions. The company's strategic moves, including its headquarters relocation and emphasis on regulatory compliance, position it for a significant presence in the intersection of traditional finance and the cryptocurrency

sector.