English
USDC issuer is preparing for IPO, with strong support from JPMorgan Chase and Citigroup
The issuer of USDC announced that it is preparing for an IPO, with JP Morgan Chase and Citigroup serving as lead underwriters.
Circle Internet Financial (hereinafter referred to as Circle), the issuer of the stablecoin USDC (US Dollar Coin), announced that the company is preparing for an initial public offering (IPO), with JPMorgan Chase (JPM) and Citigroup (C) as the lead underwriters.
The company plans to submit IPO-related documents to the U.S. Securities and Exchange Commission (SEC) by late April 2025. If the IPO is successful, Circle would become the first major stablecoin issuer to go public in a traditional manner.
The participation of global investment banks such as JPMorgan Chase and Citigroup shows the financial community's strong support and strategic assistance for Circle's IPO. If successful, it would be the largest crypto-related IPO since Coinbase went public in 2021, reflecting investors' growing interest in the sector.
Circle is the issuer of USDC, the second largest stablecoin after Tether (USDT). Through this IPO, Circle hopes to gain a competitive advantage in the market by enhancing transparency and compliance with regulations, especially standing out from the criticism of Tether's transparency issues.
Circle previously considered going public through a merger with a special purpose acquisition company (SPAC), but ultimately scrapped the plan due to regulatory hurdles. The shift to a traditional IPO, if successful, would provide a clearer picture of the company's financial health.
In addition, Circle is also promoting its entry into the Japanese market and strengthening its global layout through cooperation with companies such as SBI Holdings, which will help enhance the adoption potential of USDC in the international market.
Circle’s IPO could further impact the broader cryptocurrency and stablecoin markets by driving transparency and compliance. In particular, it is expected to strengthen the role of stablecoins as a bridge between the traditional financial system and the cryptocurrency industry.
Stablecoins reduce price volatility by pegging their value to fiat currencies, and are therefore widely used in scenarios such as crypto asset transaction settlement and digital remittances. The listing of major issuers will be an important step in increasing the maturity and reliability of this field.
USDC has already become a major trading pair on many cryptocurrency exchanges, and Circle’s listing is expected to further promote the stability of the entire ecosystem.
Bonus rebate to help investors grow in the trading world!
