Stablecoin Issuer Circle Files Publicly for IPO
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The U.S. has embraced cryptocurrencies, with Paul Atkins, President Donald Trump's pick to lead the SEC, pledging to adopt a more "rational" approach to crypto regulation.
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The company said its reserve income from managing its stablecoin-related reserves was $1.7 billion at the end of 2024.
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Circle Crypto aims for a $5 billion IPO despite financial struggles, rising USDC supply, and competition. Circle, the issuer of the USDC stablecoin, is making a bold move toward public trading with its recently filed initial public offering (IPO).
Even though it's coming during a volatile period for the markets and economy, the cryptocurrency company's planned listing puts pressure on rivals and regulators.
Circle's IPO filing raises concerns over declining profitability, high operating costs, and a $5 billion valuation amid market challenges.
The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.
Circle, the company behind the world’s second-largest stablecoin, is going public in a second attempt. But this IPO concerns more than balance
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Cryptopolitan on MSNCircle’s IPO documents show rising costs and deep Coinbase dependencyCircle's new initial public offering (IPO) filing has shed light on its relationship with Coinbase, including the millions paid to the exchange for USDC
Circle Internet Financial, the company behind the (CRYPTO: USDC) stablecoin, is reviving its public listing ambitions and is reportedly preparing to file for an initial public offering by late April.