Stablecoin Issuer Circle Internet Considering IPO in 2024

CS Web Team
By CS Web Team 1 Min Read

USDC stablecoin issuer Circle is planning for an IPO as early as next year according to sources familiar with the matter.

Circle is considering going public with a potential Initial Public Offering (IPO) in 2024.

The USDC stablecoin issuer plans to go public as early as 2024, according to a report from Bloomberg. The sources with knowledge of the situation claim that the company is currently in talks with consultants and getting ready to go public.

Global financial behemoths like Goldman Sachs, BlackRock, General Catalyst, and others support Circle. Its market capitalization, which reached a height of $55 billion in June 2022, is currently close to $25 billion.

“Circle has long had the goal of becoming a publicly traded corporation in the United States. A Circle official stated, “We don’t comment on rumors.

Circle has been working toward becoming a publicly traded company for a year, even though it hasn’t made any recent announcements or given any hints about the IPO. Last year, the company attempted to go public through a buyout. That put its value at $9 billion.

Share This Article