Stablecoin Issuer Circle Files Publicly for 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.
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Circle Internet Group is looking to become a publicly-traded company, filing for an IPO. It plans to use the ticker 'CRCL.'
US firm is latest crypto group to try to take advantage of more favourable environment towards industry under Trump
Circle's $1.68B revenue drives its IPO file, as stablecoins get US government endorsement. SEC approval is presently pending.
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).
Circle Internet Financial, a leading U.S. crypto firm that issues the stablecoin USD Coin, filed long-anticipated paperwork for an initial public offering on Tuesday. The 225-page financial disclosure includes previously unreported insights into one of the world’s largest crypto firms,
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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.
The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.
Circle's IPO filing raises concerns over declining profitability, high operating costs, and a $5 billion valuation amid market challenges.