#CircleIPO
The IPO comes as Congress has been working on a bill to promote cryptocurrencies.
Circle is the issuer of the USDC, a cryptocurrency pegged to the U.S. dollar.
Also read: New crypto bill could turbocharge the stablecoin industry: 4 changes it might bring
Since its launch seven years ago, USDC has been used for more than $25 trillion in on-chain transactions as of March 31, including about $6 trillion in the first quarter, the company said in its IPO prospectus.
As of May 23, more than $61 billion of USDC was in circulation.
