Circle is preparing a fellowship in the United States, with JPMorgan Chase and Citigroup at the controls. A strong signal from the USDC transmitter for the Crypto industry, at a time when Wall Street finally seems to pay attention to stablecoins.
Circle wants to go on the stock market and use the best
Circle, the transmitter of the Stablecoin USDC, is preparing to go on the stock market in the United States.
According to Fortune, the company has mandated Jpmorgan Chase (the biggest bank in the United States) and Citigroup (one of the world's largest banking groups) to pilot its IPO (IPO), Scheduled for spring 2025with a public file submitted at the end of April.
The rating could occur about a month lateralthough this period can be opened up according to regulatory procedures.
All in the USDC, the 2nd largest stablecoin on the market
This is not the first attempted IPO of Circle. In 2021, the company had attempted a merger with a spac – an expressway towards the rating – but the operation had been blocked by the dry. In 2024, Circle had once again submitted a file confidentially, without public follow -up so far.
This new attempt comes in a more favorable climate for Crypto actors, while the administration of Donald Trump displays a more open position on the subject, as is the dry now chaired by Paul Atkins, longtime friend of cryptocurrencies. Other companies in the sector such as Kraken, Gemini or Bitgo have also announced their intention to go on the stock market in the coming months.
Wall Street is finally interested in stablecoins, and Circle opens the ball with its USDC
According to internal documents cited by fortune, Circle's revenues came to 99 % of his income of interest generated by assets in reserve (treasury vouchers, equivalent cash, etc.) In the first half of 2023. A dependence that could arouse questions from investors during the IPO, especially during volatile interest rate periods. It remains to be seen if this third attempt will be the right one.
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Source: Fortune
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