Krutika Adani
Circle has filed for an initial public offering (IPO), marking a crucial milestone for the crypto industry.
Circle is the company behind USDC, the world’s second-largest stablecoin, with a market cap exceeding $32 billion. Its IPO signals a maturing crypto ecosystem embracing traditional financial structures.
Circle has submitted its IPO registration to the U.S. SEC, but details on the offering size and valuation remain undisclosed.
A public listing would grant Circle access to broader capital markets, potentially boosting trust in stablecoins.