Circle’s IPO Targets $624 Million on NYSE

Circle, the stablecoin company behind USDC, is set to go public on the New York Stock Exchange (NYSE) with an IPO aiming for a valuation of up to $5.65 billion. The filing for a listing under the ticker symbol “CRCL” seeks to raise approximately $624 million. This move signals significant progress in crypto market acceptance and reflects a shift in industry dynamics, especially concerning USDC’s role.