#CircleIPO The company, which is the issuer of the USDC stablecoin, has hired investment banks to underwrite its potential IPO, though the timing of an IPO has not been decided, CoinDesk reported Tuesday (April 1), citing a paywalled article by Fortune.

Circle aims for a valuation between $4 billion and $5 billion, according to the report.

Circle did not immediately reply to questions.

The company announced in January 2024 that it was relaunching its plans to go public after delaying a planned IPO in December 2022.