$USDC $USDC Files Circle for the IPO: Key Details in 130 Words**

Circle, the issuer of **USDC** (the second largest stablecoin in the world), has filed for an IPO aiming for a **valuation of $4 to $5 billion** and plans to be listed on the **New York Stock Exchange under the symbol "CRCL"**. JPMorgan and Citi are leading the IPO process.

**Finances:**

- **2024 revenues are $1.68 billion** (a 16% increase from the previous year), although net income has decreased to **$156 million**.

- **The market capitalization of USDC increased by 36%** in 2025, surpassing Tether by 5%.

**Context:**

- This is **Circle's second IPO attempt** after an unsuccessful SPAC merger in 2022.

- The timing coincides with **stablecoin legislation in the United States** and a favorable regulatory shift for cryptocurrencies.

The IPO could strengthen Circle's role in bridging **cryptocurrencies and traditional finance**, where USDC is already used in **payments, decentralized finance, and institutional services**.