🚨 Circle, the company behind the USDC stablecoin, files for listing on the US stock exchange
Circle has submitted a filing to list its Class A common stock on the NYSE under the ticker 'CRCL'. However, the number of shares and the price range have not been disclosed. The company is expected to debut in the market as early as June.
The 225-page filing reveals that Circle has projected revenues of $1.6B in 2024, primarily from stablecoin reserves (which account for over 99% of revenue). Circle is currently partnering with Coinbase and Binance to promote the use of USDC amid competition from Tether (USDT), PayPal, and major banks like J.P. Morgan.
