The Circle, the US based on the Stablecoin Issuer, will be public.
The firm filed a form of S-1 with the Securities and Exchange Commission (SEC) on Tuesday. If approved, the company’s stock will be trading with the New York Stock Exchange under the “CRCL” symbol.
The company said the reserve reserve from the management of Stablecoin -related reserves was $ 1.7 billion by the end of 2024.
The Circle is behind the USDC, the second largest stablecoin by market capitalization, with a $ 60 billion supply. The firm’s Ipo is one of the most awaited in crypto.
