Stablecoin Issuer Circle Internet Files for IPO
Summary
Circle Internet Financial, the company behind the USDC stablecoin, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The details regarding the number of shares to be offered and the price range for the proposed offering are yet to be determined. USDC is the second-largest stablecoin with a market cap of approximately $25 billion, while Tether, the largest stablecoin, has a market cap of around $95 billion.
