#CircleIPO A Circle, issuer of the stablecoin USDC, has filed its IPO application with the SEC, aiming to list its shares on the NYSE under the ticker "CRCL". With a target valuation of up to US$ 5 billion, the company reported revenue of US$ 1.68 billion in 2024, but saw its net profit drop from US$ 268 million in 2023 to US$ 156 million. The IPO, led by JPMorgan and Citi, reflects the growing interest in stablecoins and may impact the crypto market, especially with favorable legislation in the US underway. The debut is expected at the end of April.