Stablecoin Giant Circle Files for IPO
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"In many respects, Circle has for a long time been under intense public scrutiny," co-founder and CEO Jeremy Allaire wrote in a letter.
From Fox Business
Each token is supposed to be worth a dollar, and if you hand the issuer back a token it will hand you back a dollar.
From Bloomberg L.P.
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USD Coin issuer Circle Internet Group is trying for a second time to get listed on the New York Stock Exchange after disclosing significant revenue growth.
Circle Internet Group Inc. filed publicly for a long-awaited initial public offering, with the stablecoin provider showing steadily increasing revenue.The company, led by Jeremy Allaire, reported net income of $156 million on revenue of $1.
With stablecoin legislation expected in 2025, competition is heating up among digital dollar vendors. This latest move could embed Circle’s USDC and USYC, its tokenized money-market fund, within ICE’s global market machinery.
JPMorgan Chase and Citi are reportedly serving as lead underwriters, and the company is seeking a valuation between $4 billion and $5 billion, Fortune reported.
President Donald Trump is facing new heat after Representative Maxine Waters accused him of trying to ditch the dollar and swap in a stablecoin tied to his
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, issuer of the USDC stablecoin, has hired investment banks JPMorgan Chase (JPM) and Citigroup (C) to help it prepare an initial public
USDC stablecoin issuer Circle has filed to go public in late April on the New York Stock Exchange under the ticker “CRCL.” Crypto stablecoin issuer Circle Internet Group has filed with the US Securities and Exchange Commission to go public on the New York Stock Exchange.