USDC Issuer Circle Plans April IPO

Circle Plans IPO Filing in April with Top Banks

• Circle, the issuer of USDC, plans to file for an initial public offering (IPO) in late April.
• The company is collaborating with JPMorgan Chase and Citi for the IPO process.
• Circle previously attempted to go public in 2021 via a SPAC but withdrew due to SEC non-approval and market downturns.
• USDC recently launched in Japan, becoming the first global dollar stablecoin approved under Japan’s framework.
• The IPO would be the largest since Coinbase’s public listing in 2021; Coinbase holds an equity stake in Circle.

Circle is set to file its IPO by late April, working with major banks like JPMorgan Chase and Citi. This follows previous challenges including a failed SPAC attempt and market issues. The firm’s USDC stablecoin has expanded into Japan as part of its growth strategy.