$USDC Circle, the company behind USDC stablecoin, has filed for an initial public offering (IPO). Here's what's happening ¹:

- *IPO Filing*: Circle submitted its S-1 IPO filing, providing insight into its financials and growth strategy.

- *Financials*: Circle's revenue reached $1.7 billion in 2024, with 99% coming from reserve income, primarily interest on USDC reserves.

- *Growth Strategy*: Circle aims to expand USDC adoption in cross-border payments, remittances and digital asset trading, targeting traditional exchanges, banks and neobanks.

- *Partnerships*: Circle collaborates with major players like Coinbase and Binance to deepen USDC usage.

- *Market Position*: USDC is a leading stablecoin, rivaling USDT, with a market cap of $60 billion. Circle's IPO could further establish USDC in the stablecoin market.