Circle, the Stablecoin transmitter based in the United States, becomes public.
The company filed an S-1 form on Tuesday with the Securities and Exchange Commission (SEC). If it is approved, the company’s shares will be negotiated on the New York Stock Exchange under the “CRCL” symbol.
The company said its reserve income from the management of its reserves related to the stable reserve were $ 1.7 billion at the end of 2024, which represents 99.1% of its total income.
Circle is behind the USDC, the second largest stablecoin by market capitalization, with $ 60 billion in offer. The company’s IPO was one of the most anticipated in the crypto.
It is not the only crypto-adjacent company that seeks to become public. The Artificial Intelligence Society (IA) Coreweave (CRWV), which benefits from a solid commercial relationship with the Bitcoin Core Scientific (Corz) mining company, began to negotiate on the public market on March 28.
