Circle, the stablecoin provider located in the U.S., is set to go public.
The organization submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) on Tuesday. If it receives approval, the company’s shares will be listed on the New York Stock Exchange under the ticker symbol “CRCL.”
According to the company, its reserve earnings from managing stablecoin-related holdings amounted to $1.7 billion as of the end of 2024.
Circle is the issuer of USDC, the second largest stablecoin by market cap, with a total supply of $60 billion. The firm’s upcoming IPO has been highly anticipated within the crypto community.