#CircleIPO
Circle Internet Financial, the issuer of the USD Coin (USDC) stablecoin, is moving forward with plans for an initial public offering (IPO). After a previous attempt to go public via a special purpose acquisition company (SPAC) in 2021 fell through, Circle confidentially filed an S-1 with the SEC in January 202423. The IPO is expected to occur by late April or early summer, with a potential valuation of $4 to $5 billion34. This listing could enhance the legitimacy of USDC in traditional finance and increase institutional adoption of stablecoins8. Major investors, including General Catalyst and Fidelity, are poised to benefit significantly from the IPO.