USDC stablecoin issuer Circle Internet Financial has filed for an initial public offering (IPO) in the United States.
However, details of this IPO, such as the number of shares being sold and the price range, were not disclosed. The Company expects the IPO to occur after completion of the SEC review process, subject to market conditions.
The company previously announced plans to go public through a merger, which was later cancelled. The report indicates that Circle is in talks with its advisers regarding a potential IPO, and a company spokesperson has previously said that going public in the US is part of its strategy.
Circle is known as the issuer of USD Coin (USDC), one of the largest stablecoins in the world with a market capitalization of $25 billion. #usd #usdt #ipo #usa