Stablecoin USDC issuer Circle files for $624 million IPO – More inside
Circle, the company that issues the USDC stablecoin, is proceeding with plans for an Initial Public Offering (IPO), potentially reaching a valuation of $6.7 billion. Amidst rumors of acquisition by major cryptocurrency players like Coinbase and Ripple, Circle has presented its intention to offer 24 million shares, priced between $24 and $26 each. The company hopes to raise up to $624 million through this public offering.