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flag Circle, issuer of USDC stablecoin, files for IPO, targeting up to $5 billion valuation.

flag Circle, the issuer of USDC stablecoin, has filed for an IPO with the SEC, aiming to list on the NYSE with a target valuation of up to $5 billion. flag JPMorgan Chase and Citigroup are lead underwriters. flag USDC, the second-largest stablecoin by market cap, has a circulation of $60 billion. flag Circle reported $1.7 billion in revenue in 2024. flag This marks Circle's second attempt at going public, with the previous one failing in 2022 due to regulatory issues. flag The stablecoin sector is growing as it awaits the first U.S. legislation focusing on stablecoins.

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