Circle, the issuer of USDC, a stableman fixed in the US dollar, Apply for public disclosure on Tuesday.
The company makes money from interest earned on reserve assets, and reports that its revenue and reserve income in 2024 was $1.68 billion, up from the previous $1.45 billion last year. Circle’s net income in 2024 was $156 million, down from $268 million in 2023.
This is Circle’s second attempt to list on the stock exchange. The company used to Try to make public By using it in 2022 with SPAC, the plan was cancelled when the SEC does not approve the merger within the expected timeframe. Before failure, SPAC transactions pay attention to Circle is $9 billion.
While it is unclear what value the company will gain in its IPO, Renaissance Capital estimates that the company will try to improve $750 million in its products.
According to regulatory filings, the company owns more than 5% of its ownership investors include Accel, General Catalyst, Breyer, IDG Capital and Oak Investment Partners.
According to the document, the Circle USDC is worth $60 billion.
The company is planning to be in the Trump administration Supporting crypto assets.
