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1044 Stablecoin Issuer Circle Files For IPO

Slashdot
BeauHD @ Slashdot · 04/01/2025 20:10 EDT

Stablecoin Issuer Circle Files For IPO

Circle, the issuer of the USDC stablecoin, has filed for an IPO aiming for a $5 billion valuation. It marks the company's second attempt at going public amid renewed momentum in the crypto sector and signs of recovery in tech IPO markets. CNBC reports: A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that

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