Stablecoin Giant Circle Files IPO on NYSE at $6.7 Billion Valuation

Stabblecoin The editorial circle hopes to raise as much as $ 624 million for the long -awaited initial public offer.

KRIPTO DIV – which is behind USD coin (USDC), the seventh largest digital assets that existed on Tuesday submitted a paperwork with commission for securities and exchange, saying that it will offer 24 million shares for $ 24 to $ 26. The company aimed at a fully diluted estimate of $ 6.7 billion.

Lap submitted Last month’s pattern has announced its plans for the public-the most indulgent company moving to bring a quick and sometimes bent world of cryptocurrencies in the main course.

And he has great support: Cathie Wood’s Ark Investment said he has an interest in buying up to $ 150 million in IPO shares, the application reports.

Circle is expected to trade on the New York Stock Exchange within the CRCL.

Crypto product Circle, USDC, is one of the most important digital assets outside: merchants use stablecoins to enter and exit transactions; Digital tokens are considered to be the backbone of the crypto economy.

A total of $ 6.8 billion in the $ 6.8 billion tokens traded in the past day, according to Coingecko data, making it the fourth largest cryptic currency in terms of volume. The USDC market limit is currently estimated at $ 61.5 billion.

In 2018, USDC launched a circular and largest Crypto Exchange Coinbase through Center Consortium. Coinbase, who go public 2001., took Capital stake in the circle in August 2023 in the middle of the breakup of consortium.

Circle tried to go public in 2022 via SPAC, but embedded plans. Last year, The rumors circled for the company to try again.

In the middle of the iPo plans, Circle reported that it was the goal of attempting to acquire. In April, Bloomberg reported that Giant Ripple to pay a cryptocurrency made an offer of $ 4-5 billion for a circleBut it was rejected because the offer was too low.

Edited Andrew Hayward