Circle Internet Financial, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) in the United States.
The new year has started with the set of positive events for investors in the cryptocurrency market. Just yesterday, we witnessed the historic approval of 11 ETFs from the largest funds in the USA, and today these ETFs are already being traded at an express processing path, officially on the stock exchange. In the first half-hour of trading, the total turnover exceeded 1.2 billion dollars, with GrayScale currently leading, which interestingly also offers the highest commission. Once the excitement settles, investors' attention will likely turn towards a spot ETF for Ethereum and the Bitcoin halving.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appNevertheless, in the meantime, we may also experience other interesting events. Today, such an event is the potential IPO of Circle, which, encouraged by the approval of ETFs, intends to go public on the stock exchange. The company, which had previously planned a $9 billion SPAC deal with Concord Acquisition Corp that was later abandoned, is now pursuing a public listing. The details of the IPO, including the number of shares and price range, have not been disclosed. The IPO is contingent on the completion of the SEC's review process and market conditions. This move comes as Circle aims to expand its operations in Europe and promote its EUROC stablecoin, following its recent conditional Digital Asset Service Provider registration in France. USDC is the world's second-largest stablecoin by market capitalization, valued at around $25 billion.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
