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Circle reportedly considering 2024 IPO: Bloomberg
Nov, 08, 2023
< 1 min read
by Forkast
Circle Internet Financial Limited, the Boston-based issuer of the USDC stablecoin, is considering going public in early 2024, unnamed sources familiar with the matter told Bloomberg
See related article: UK plans to introduce fiat-backed stablecoin rules in early 2024
Fast Facts
- The stablecoin issuer is talking to advisers about an initial public offering but hasn’t made a final decision yet, Bloomberg reported.
- Circle was valued at US$9 billion when it attempted a public listing through a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. before the stablecoin issuer withdrew from the deal last December.
- Circle raised US$400 million from investors including Goldman Sachs, General Catalyst Partners, BlackRock and Fidelity in April 2022, when the firm’s valuation stood at US$7.7 billion according to Axios.
- USDC is the world’s second-largest stablecoin by market capitalization, with a US$24.4 billion market cap, second to Tether’s USDT, which has a market cap of over US$86.1 billion, according to CoinMarketCap data.
See related article: Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots
Read More
Circle Drops 15%, Stock Frenzy Cools as BIS Warns of Stablecoin Risks
The decline coincided with a BIS report casting doubts about stablecoins' future role...
Jun, 24, 2025
by CoinDesk
Mastercard Expands Stablecoin Push With Paxos, Fiserv and PayPal Integrations
The payments giant is integrating PYUSD, USDG and FIUSD into its network, expanding s...
Jun, 24, 2025
by CoinDesk
Circle reportedly considering 2024 IPO: Bloomberg
Nov, 08, 2023
< 1 min read
by Forkast
Circle Internet Financial Limited, the Boston-based issuer of the USDC stablecoin, is considering going public in early 2024, unnamed sources familiar with the matter told Bloomberg
See related article: UK plans to introduce fiat-backed stablecoin rules in early 2024
Fast Facts
- The stablecoin issuer is talking to advisers about an initial public offering but hasn’t made a final decision yet, Bloomberg reported.
- Circle was valued at US$9 billion when it attempted a public listing through a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. before the stablecoin issuer withdrew from the deal last December.
- Circle raised US$400 million from investors including Goldman Sachs, General Catalyst Partners, BlackRock and Fidelity in April 2022, when the firm’s valuation stood at US$7.7 billion according to Axios.
- USDC is the world’s second-largest stablecoin by market capitalization, with a US$24.4 billion market cap, second to Tether’s USDT, which has a market cap of over US$86.1 billion, according to CoinMarketCap data.
See related article: Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots
Read More
Circle Drops 15%, Stock Frenzy Cools as BIS Warns of Stablecoin Risks
The decline coincided with a BIS report casting doubts about stablecoins' future role...
Jun, 24, 2025
by CoinDesk
Mastercard Expands Stablecoin Push With Paxos, Fiserv and PayPal Integrations
The payments giant is integrating PYUSD, USDG and FIUSD into its network, expanding s...
Jun, 24, 2025
by CoinDesk