Crypto giant Circle just filed for an 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.
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.
The company said its reserve income from managing its stablecoin-related reserves was $1.7 billion at the end of 2024.
From CoinDesk
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KEY TAKEAWAYSCircle, the company behind the USDC stablecoin, has filed for a U.S. initial public offering, becoming the latest tech firm that is aiming to test the market as tariff uncertainty and worries about the economy’s health weigh on investors.
Circle Internet Group is looking to become a publicly-traded company, filing for an IPO. It plans to use the ticker 'CRCL.'
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.
US firm is latest crypto group to try to take advantage of more favourable environment towards industry under Trump
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).
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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.