Circle, the stablecoin issuer based in the United States, is being made public.
The firm presented on Tuesday an S-1 form before the Bag and Securities Commission (SEC). If approved, the company’s actions will be quoted in the New York Stock Exchange under the “CRCL” symbol.
The company said that its reserve income by administering its reserves related to Stablecoin were $ 1.7 billion at the end of 2024, which represents 99.1% of its total income.
Circle is behind USDC, the second largest stablcoin for market capitalization, with $ 60 billion on offer. The IPO of the firm has been one of the most anticipated in Crypto.
It is not the only cryptocent company that seeks to make public. The artificial intelligence firm (AI) Coreweave (CRWV), which benefits from a solid commercial relationship with the mining firm of Bitcoin Core Scientific (Corz), began to quote in the public market on March 28.
