Stablecoin Firm Circle is a team with the best banks in the United States, preparing for the report of the early April.
According to the new Fortune report, the USDC-ISSUER CIRCLE will openly list the company’s shares next month in cooperation with JPMORGAN CHASE and CITI BANK.
Circle quoted “Two Sources Familiar with the situation” that plan to submit documents from IPOs at the end of April.
Circle applied for a traditional IPO in January 2024 with the US Securities and Exchange Commission (SEC). Circle has tried to submit an IPO for the past few years, but the company’s last attempt has been abandoned following the FTX collapse in 2022.
According to the report, the imminent IPO may be the largest encryption IPO since the Coinbase was released in 2021. Citi Bank and JPMORGAN advised Coinbase before it was released.
USDC Stablecoins is officially issued by Circle and can repay 1: 1 for US dollars. The USDC is the second largest stability with a market cap of more than $ 530 billion, with a market cap almost $ 140 billion, following USDT. USDT is issued by an encryption company Inteder.
In December, Circe CEO Jeremy Allaire said that Stablecoins with US dollars could be a “mass export product” in the United States.
“First, we must first focus on the power and competitiveness of the dollar, and there are many places in the world that the dollar is a preliminary currency, but the world does not want the dollar to be the currency.
Therefore, to become a massive export product in the United States, you need a complete preliminary digital dollar like Stablecoins, and if you have a major call on the Internet, check if you have a digital dollar. ”
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