Circle, the company behind the USDC stablecoin, has filed for an IPO with the SEC, marking a significant step in its ambition to enhance transparency in its operations.
Circle Prepares to List CRCL Shares
Circle Internet Group has just filed an S-1 with the U.S. Securities and Exchange Commission (SEC) to conduct an initial public offering (IPO). The company plans to list on the New York Stock Exchange (#NYSE ) with the ticker #CRCL . JP Morgan and Citigroup will act as the lead underwriters.
CEO #Circle Jeremy Allaire emphasized: “Becoming a public company helps us operate more transparently and responsibly. We are building important financial infrastructure for the future.”
USDC: One of the Most Important Stablecoins
Launched in 2018 through a partnership with Coinbase, $USDC has become the second-largest stablecoin, with a market capitalization of $60.1 billion and a daily trading volume of $6.9 billion.
Coinbase previously helped operate USDC but withdrew in 2023, retaining only a stake in Circle.
Market and Policy Context
Stablecoins are a hot topic as the Trump administration seeks to regulate this industry. There are currently several stablecoin bills under consideration by the U.S. Congress.
Circle had planned an IPO through a SPAC in 2022 but canceled it. Now, the company is ready to get back in the race, demonstrating its determination to expand and cooperate with major financial institutions globally.
