#CircleIPO Circle Internet Financial, the company behind the USDC stablecoin, has officially filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker "CRCL." The move comes after a previously abandoned $9 billion SPAC merger in 2022. In 2024, Circle reported $1.68 billion in revenue, an increase from $1.45 billion in 2023, though net income declined to $157 million due to rising operational costs and payments to partners like Coinbase. The IPO is expected to boost Circle's growth in the stablecoin and digital payments sector. Major investors include JPMorgan Chase and Citigroup, highlighting strong institutional backing. The offering will provide greater transparency and capital for expansion in the evolving cryptocurrency market.