Stablecoin Giant Circle Files for IPO
If approved, the stock of the company will be trading on the New York Stock Exchange under the symbol "CRCL."
Circle, the U.S.-based stablecoin issuer, is going public.
The firm filed an S-1 form with the Securities and Exchange Commission (SEC) on Tuesday. If approved, the company's stock will be trading on the New York Stock Exchange under the symbol "CRCL."
The company said its reserve income from managing its stablecoin-related reserves was $1.7 billion at the end of 2024.
Circle is behind USDC, the second largest stablecoin by market capitalization, with $60 billion in supply. The firm's IPO has been one of the most anticipated in crypto.
