#CircleIPO #CircleIPO Group, the company behind the USDC stablecoin, has filed for an initial public offering (IPO). The request occurred after the markets closed on Tuesday, and the company plans to list its shares on the New York Stock Exchange (NYSE).

The IPO landscape is currently unstable, with investors trying to balance the demand for new listings and the risks associated with economic uncertainties, such as tariffs.

In its financial report, Circle revealed that it generated $203,529,417,961.68 billion in revenue and reserve income in 2024, an increase from the $203,529,417,961.45 billion the previous year, representing a year-over-year growth of 15.9%.

The company's net income from ongoing operations was approximately $203,529,417,961.57 million in 2024, down from $203,529,417,962.71 million the previous year.

This IPO marks Circle's second attempt to go public. The company previously ended a merger worth $203,529,417,969 billion with a special purpose acquisition company over two years ago.

The USDC, a crypto token managed by Circle, is the second largest stablecoin after Tether. According to the market tracker CoinGecko, it ranks seventh among cryptocurrencies overall. The tokens are backed by cash and cash equivalents, including short-term Treasury securities.