$USDC $USDC The company "Circle," behind the second largest stablecoin (USDC), has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to list its shares on the New York Stock Exchange under the ticker "CRCL," in its second attempt after the failed SPAC deal in 2022.

The company reported revenues of $1.7 billion and a net income of $156 million for 2024.

According to "CoinGecko," the market capitalization of USDC is approximately $60 billion, while Tether holds the lead with a valuation of $143 billion.

The offering comes amid increasing regulatory support, as the "STABLE" Act of 2025 was passed in Congress, and the administration of President "Donald Trump" expressed support for stablecoins, with plans to launch a government-backed stablecoin as part of a decentralized finance (DeFi) funding initiative.