#CircleIPO

Circle, issuer of USDC, files for IPO and aims for a valuation of up to US$ 5 billion

Responsible for the second largest cryptocurrency pegged to the dollar has initiated the process to go public in the United States

Circle, the company responsible for issuing the USDC stablecoin, officially submitted its application for an initial public offering (IPO) in the United States on Tuesday, the 1st. The approval of the application and the opening of shares in the American market varies from about a month to longer periods, depending on the case.

In a statement sent to the market, Circle said it has the mission to "increase global economic prosperity through frictionless value exchange." The company became famous for adopting blockchain technology and cryptocurrencies to facilitate financial transactions.

"We believe that, with the advent of blockchain networks, the global financial system can be rebuilt on the principles of the internet — those of open software and public networks — for the benefit of all society," the company also stated.

$USDC