Circle, the issuer of the USDC stablecoin, is preparing for its initial public offering (IPO) in the United States, with a listing expected on the New York Stock Exchange under the symbol "CRCL". After a failed attempt in 2022 via a merger with a SPAC, Circle is back with strong financial performance. In 2024, the company recorded a revenue of $1.68 billion, although its net profit dropped to $157 million. JPMorgan Chase and Citigroup are leading the operation. This IPO could strengthen Circle's position in the cryptocurrency and Web3 ecosystem, providing more transparency to investors and accelerating its expansion.
