"Circle Files for IPO on NYSE as Revenues Soar to $1.7B Amid Growing Institutional Crypto Interest"
Circle, the operator behind the USDC stablecoin, recently filed for an IPO on the New York Stock Exchange. The firm reported a significant jump in revenues—reaching approximately $1.7 billion—despite a decline in net income due to higher operating costs and fees paid to partners such as Coinbase. This move is seen as a bullish signal for the crypto market, underscoring growing institutional interest even as the industry navigates increased regulatory scrutiny and economic headwinds.