Stablecoin giant Circle makes another attempt to go public! This fintech company has submitted an application to U.S. regulators, planning to list on the New York Stock Exchange under the ticker 'CRCL', marking a deep integration of digital assets with Wall Street.

Circle's revenue is expected to soar to $1.67 billion in 2024, a year-on-year increase of 16%, but its net profit is only $156 million, down 41.8% compared to the previous year. Notably, 99% of the company's revenue comes from USDC reserve investments, primarily relying on interest from U.S. Treasury bonds.

This is Circle's third attempt to go public, with the first two unsuccessful due to market conditions or regulatory obstacles. Now, the company has partnered with financial giants like JPMorgan and Citigroup, hoping to leverage the growth of USDC to open the capital markets. USDC currently has a market cap of $60.1 billion, ranking second in the industry, but still far behind Tether's dominant position of $143.9 billion.

Will Circle succeed in going public and reshape the stablecoin market? Wall Street's attitude will be key!