Circle Secures IPO Backing from JPMorgan and Citigroup

Stablecoin issuer Circle Internet Financial has partnered with Wall Street giants JPMorgan Chase and Citigroup to prepare for its long-awaited initial public offering (IPO), according to a report by Fortune, citing sources familiar with the matter. The company is reportedly targeting a late April filing for its IPO, with the potential for trading on stock exchanges within a month following SEC registration, but this timeline is contingent on the progression of the registration process and broader market conditions.