Circle stablecoin (USDC) reveals its plan to go public, IPO filling 📣

Circle Internet Financial, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) in the United States.

The new year has started with the set of positive events for investors in the cryptocurrency market. Just yesterday, we witnessed the historic approval of 11 ETFs from the largest funds in the USA, and today these ETFs are already being traded at an express processing path, officially on the stock exchange. In the first half-hour of trading, the total turnover exceeded 1.2 billion dollars, with GrayScale currently leading, which interestingly also offers the highest commission. Once the excitement settles, investors' attention will likely turn towards a spot ETF for Ethereum and the Bitcoin halving.

Nevertheless, in the meantime, we may also experience other interesting events. Today, such an event is the potential IPO of Circle, which, encouraged by the approval of ETFs, intends to go public on the stock exchange. The company, which had previously planned a $9 billion SPAC deal with Concord Acquisition Corp that was later abandoned, is now pursuing a public listing. The details of the IPO, including the number of shares and price range, have not been disclosed. The IPO is contingent on the completion of the SEC's review process and market conditions. This move comes as Circle aims to expand its operations in Europe and promote its EUROC stablecoin, following its recent conditional Digital Asset Service Provider registration in France. USDC is the world's second-largest stablecoin by market capitalization, valued at around $25 billion.