#CircleIPO

#CircleIPO Circle Internet Financial, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This marks a significant step for the company after a previously planned SPAC merger was canceled in 2021.

In preparation for the IPO, Circle has announced plans to relocate its headquarters from Boston to New York City in early 2025, setting up at One World Trade Center. The company has not yet disclosed the IPO date or share pricing, as these are subject to SEC review and market conditions.

Circle’s USDC stablecoin is backed by U.S. dollars and short-term Treasury bonds, with approximately $35 billion in circulation. The IPO is expected to provide additional capital for growth and strengthen its position in the regulated digital asset space.