2025-04-01
Circle, the company behind the USDC
stablecoin, is preparing to go public and has hired major banks JP Morgan Chase
and Citi to help with the process, according to Fortune.
The company is expected to file for its
IPO in late April, though the timing could still change.
Even after the public filing, it could
take several weeks—or longer—for the company to start trading, depending on
regulatory approval.
This isn’t Circle’s first attempt to go
public. It previously tried through a SPAC merger in 2021 and made a
confidential filing with the SEC in 2024.
Circle is joining other crypto
companies like Kraken, Gemini, and BitGo in planning IPOs during a time when
the U.S. government and regulators are seen as more supportive of the crypto
industry.
Circle issues USDC, the second-largest
U.S. dollar-backed stablecoin, behind Tether’s USDT.
