Circle makes IPO filing with SEC as stablecoin regulation gains traction

Key Takeaways

Circle has filed for an IPO with SEC to listing on NYSE beneath the ticker CRCL.
The IPO comes as Congress advances stablecoin laws and Trump-backed World Liberty Financial declares plans to launch a stablecoin.

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Circle, issuer of the second largest stablecoin USDC, filed for an preliminary public providing with the SEC right now, looking for to listing on the New York Stock Exchange beneath the ticker “CRCL.”

This marks the corporate’s second try and go public following a terminated SPAC deal in 2022.

The firm reported $1.7 billion in income and reserve revenue in 2024, with $156 million in web revenue. The IPO will embrace each main shares from Circle and secondary shares from present shareholders.

Founded in 2013, Circle’s USDC stablecoin has been utilized in over $25 trillion of on-chain transactions since launch.

According to CoinGecko knowledge, USDC maintains a market capitalization of $60 billion. Tether, the corporate behind USDT, stays the most important stablecoin issuer by market cap, with USDT presently valued at $143 billion.

Circle’s determination to pursue a public itemizing aligns with growing coverage readability in Washington round stablecoins.

Last week, the House of Representatives launched the complete textual content of the 2025 STABLE Act, following Senate markup of a parallel invoice.

President Donald Trump’s administration has additionally endorsed stablecoins as a strategic software for sustaining US monetary management, with Trump and Treasury Secretary Scott Bessent each highlighting their function in sustaining greenback dominance.

Adding to that momentum, World Liberty Financial, a DeFi mission backed by the Trump administration, revealed plans to problem its personal stablecoin, reinforcing the White House’s energetic engagement within the sector.

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