#CircleIPO

Circle Internet Financial, the issuer of the USDC stablecoin, has officially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The company reported a net income of $156.9 million on revenues of $1.68 billion for 2024. Circle aims for a valuation of up to $5 billion and plans to list on the New York Stock Exchange under the ticker symbol "CRCL." This move is expected to enhance USDC's position in the stablecoin market and reflects a growing integration of cryptocurrency firms into traditional finance