Currencies33037
Market Cap$ 2.79T+0.77%
24h Spot Volume$ 38.18B-17.3%
ETH Gas0.66 Gwei
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Circle reportedly considering 2024 IPO: Bloomberg
Nov, 08, 2023
< 1 min read
by Forkast
Circle Internet Financial Limited, the Boston-based issuer of the USDC stablecoin, is considering going public in early 2024, unnamed sources familiar with the matter told Bloomberg
See related article: UK plans to introduce fiat-backed stablecoin rules in early 2024
Fast Facts
- The stablecoin issuer is talking to advisers about an initial public offering but hasn’t made a final decision yet, Bloomberg reported.
- Circle was valued at US$9 billion when it attempted a public listing through a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. before the stablecoin issuer withdrew from the deal last December.
- Circle raised US$400 million from investors including Goldman Sachs, General Catalyst Partners, BlackRock and Fidelity in April 2022, when the firm’s valuation stood at US$7.7 billion according to Axios.
- USDC is the world’s second-largest stablecoin by market capitalization, with a US$24.4 billion market cap, second to Tether’s USDT, which has a market cap of over US$86.1 billion, according to CoinMarketCap data.
See related article: Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots
Read More
The Upper Hand: Why Stablecoins Will Remain Popular in Argentina After the End of Currency Controls
Local experts assess that, while useful, regular dollars will not impact the use of s...
Apr, 17, 2025
by Bitcoin News
Russia Must Build Its Own Stablecoins, Finance Ministry Official Says
Russia should create its own stablecoins after USDT wallet freezes exposed risks of r...
Apr, 17, 2025
2 min read
by Cryptonews
Circle reportedly considering 2024 IPO: Bloomberg
Nov, 08, 2023
< 1 min read
by Forkast
Circle Internet Financial Limited, the Boston-based issuer of the USDC stablecoin, is considering going public in early 2024, unnamed sources familiar with the matter told Bloomberg
See related article: UK plans to introduce fiat-backed stablecoin rules in early 2024
Fast Facts
- The stablecoin issuer is talking to advisers about an initial public offering but hasn’t made a final decision yet, Bloomberg reported.
- Circle was valued at US$9 billion when it attempted a public listing through a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. before the stablecoin issuer withdrew from the deal last December.
- Circle raised US$400 million from investors including Goldman Sachs, General Catalyst Partners, BlackRock and Fidelity in April 2022, when the firm’s valuation stood at US$7.7 billion according to Axios.
- USDC is the world’s second-largest stablecoin by market capitalization, with a US$24.4 billion market cap, second to Tether’s USDT, which has a market cap of over US$86.1 billion, according to CoinMarketCap data.
See related article: Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots
Read More
The Upper Hand: Why Stablecoins Will Remain Popular in Argentina After the End of Currency Controls
Local experts assess that, while useful, regular dollars will not impact the use of s...
Apr, 17, 2025
by Bitcoin News
Russia Must Build Its Own Stablecoins, Finance Ministry Official Says
Russia should create its own stablecoins after USDT wallet freezes exposed risks of r...
Apr, 17, 2025
2 min read
by Cryptonews