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Stablecoin Giant Circle Files for IPO

The stablecoin issuer Circle has filed for an IPO on the New York Stock Exchange under the ticker symbol CRCL.

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Circle, USDC's issuer, has filed an IPO to list on the New York Stock Exchange, marking a pivotal step for the stablecoin giant.

What’s the Scoop?

  • IPO Filing: Circle, the issuer of the USDC stablecoin, has filed an S-1 form with the SEC to list its stock on the New York Stock Exchange under the symbol CRCL.
  • Massive Reserve Income: Circle Circle reported $1.7 billion in reserve income from its stablecoin-related operations in 2024, representing 99.1% of its total revenue.
  • USDC Leadership: USDC, managed by Circle, is the second-largest stablecoin by market capitalization with a $60 billion supply, highlighting its significant presence in the crypto economy.

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