Circle, the US-based stableecoin issuer, is published.
The company submitted an S-1 form to Securities and Exchange Commission (SEC) on Tuesday. If it is approved, the company’s stock on the New York Stock Exchange is under the symbol “CRCL.”
The company said its reserve income from managing its stablecoin-related reserves was $ 1.7 billion at the end of 2024, representing 99.1% of its total revenue.
Circle is behind USDC, the second largest stableecoin at market value, with $ 60 billion in supply. The company’s IPO has been one of the most expected in crypto.
It is not the only crypto-adjacent company that wants to become public. Artificial Intelligence (AI) company Coreweave (CRWV), which benefits from a strong business relationship with Bitcoin Mine Company Core Scientific (Corz), began trading on the public market on March 28.
