#CircleIPO Circle Company, the issuer of the USDC stablecoin, has filed for an initial public offering (IPO) and plans to list on the New York Stock Exchange. The main underwriters are JPMorgan Chase and Citigroup, and the company is aiming for a valuation of up to $5 billion. The shares will trade under the ticker CRCL, according to CNBC.

Circle's entry into the public market comes against the backdrop of a favorable political environment for the crypto industry in the U.S. It is expected that this year the first bill related to cryptocurrencies, with a focus on stablecoins, will be passed. President Trump has expressed hope that lawmakers will send him a stablecoin bill before the August recess of Congress.

Circle plans to go public during a period of high volatility in technology stocks, as Nasdaq recently completed its worst quarter since 2022.