The company behind the widely-used USDC stablecoin, Circle, or Circle Internet Financial is considering going public by early 2024. This decision comes after the company’s valuation reached $9 billion during a previous attempt at an IPO in 2022. Although these plans are still in ...
The company behind the widely-used USDC stablecoin, Circle, or Circle Internet Financial is considering going public by early 2024. This decision comes after the company’s valuation reached $9 billion during a previous attempt at an IPO in 2022.
Although these plans are still in their preliminary stages, they underscore the stablecoin issuer’s long-term vision of becoming a public company in the US.
Becoming a US-listed public company has long been part of Circle’s strategic aspirations. We don’t comment on rumors
Circle representative.The
company’s decision signals a shift in its strategy. Talks about an IPO come just after Circle terminated a merger agreement with Concord Acquisition. Circle looks confident to go for an IPOThe move towards an IPO is also accompanied by a commitment to transparency. The company intends to regularly publish financial reports and appoint Deloitte as its auditor.
U.S. still lacks stablecoin regulations
This follows concerns about the unregulated entry funds into private digital tokens pegged to fiat currencies. Basically, money laundering.
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