Circle Files S-1 Form for Public Offering on NYSE
Circle, the issuer of the USDC stablecoin, is planning to go public by filing an S-1 form with the SEC. If approved, it will trade on the New York Stock Exchange under the symbol "CRCL."
- Reserve income from managing stablecoin-related reserves was $1.7 billion at the end of 2024.
- This figure represents 99.1% of Circle's total revenue.
- USDC is the second largest stablecoin with a market capitalization of $60 billion.
- Circle's IPO is highly anticipated in the crypto sector.
Additionally, AI firm CoreWeave has started trading publicly, benefiting from its relationship with bitcoin mining firm Core Scientific.