Circle files for a US IPO, with plans to list on the NYSE under CRCL; Circle, which issues the USDC stablecoin, is reportedly seeking a $4B to $5B valuation
Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
Circle, which issues the USDC stablecoin, acquired Hashnote; rwa.xyz data: Hashnote's USYC token last year become the largest tokenized US Treasury product
Krisztian Sandor / CoinDesk :
USDC stablecoin issuer Circle confidentially files for a US IPO, without saying the number of shares for sale or a price range; Circle was valued at $9B in 2022
USDC stablecoin issuer Circle confidentially files for a US IPO, without saying the number of shares for sale or a price range; Circle was valued at $9B in 2022
Circle Internet Financial, the company behind stablecoin USDC, said on Thursday that it had confidentially filed …
Sources: USDC stablecoin issuer Circle is considering an IPO early in 2024; Circle was valued at $9B when the company tried to go public via SPAC in 2022
- Backers include Goldman Sachs, General Catalyst and BlackRock — Circle had tried to go public via blank-check deal in 2022
Visa expands its USDC stablecoin settlements to Solana, partnering with Worldpay and Nuvei for pilots, and has already moved millions of USDC via VisaNet
- Visa expanded its USDC stablecoin settlement capabilities to Solana, forming partnerships with Worldpay and Nuvei for pilot programs.
Coinbase takes a “small” equity stake in Circle for the first time, as the companies close the Centre Consortium, which previously governed the USDC stablecoin
Rivals Unite to Keep Crypto Going in US? Charles Thuo / CoinJournal : Coinbase buys a stake in USDC stablecoin issuer Circle Mark Brennan / The Crypto Basic : SEC Costs Ripple and XRP 3 Years of Adopt...
Coinbase reports Q2 revenue down 12% YoY to $707.9M, vs. $631.2M est., net loss down 91% YoY to $97M, and transaction revenue down 50% YoY to $327.1M
- Trading revenue was less than that from other sources — Interest income down after USDC stablecoin circulation fell
DeFiLlama: Circle has burned a record ~$9B of its USDC stablecoin in the past 90 days, decreasing supply from $55.55B to $46.57B, as DeFi yields decline
- The USDC supply has dropped about $9 billion since early July. — This decline is due to an uptick in USDC redemptions for the U.S. dollar. Tweets: @mdudas , @whale_alert , @whale_alert , and @whale...
Circle, which maintains the USDC stablecoin, raises $400M from BlackRock, Fidelity, and others, after raising $440M in May 2021
BlackRock and Fidelity headlined the stablecoin issuer's latest funding round, which follows a $440 million raise from last May.