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Circle Creator of Stablecoin USDC, Confidentially Files for IPO


Circle Creator of Stablecoin USDC, Confidentially Files for IPO

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The post Circle Creator of Stablecoin USDC, Confidentially Files for IPO appeared first on Coinpedia Fintech News

Circle USDC and web3 service provider for the financial system has taken a significant step towards going public by filing for IPO. The company has filed a draft S-1 document with the U.S. Securities and Exchange Commission (SEC), paving the way for a potential initial public offering (IPO).

The exact number of shares to be sold and their price range have not been disclosed at this time. The move comes as Circle continues to experience rapid growth, with USDC’s market capitalization currently exceeding $25 billion.

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