Circle, the USDC issuer, a stablcoin linked to the US dollar, Presented to make public on Tuesday.
The company, which earns money with interest earned in its reserve assets, reported that its income of 2024 revenues and reservations were $ 1.68 billion, compared to $ 1.45 billion the previous year. The net income of Circle 2024 was $ 156 million, below $ 268 million in 2023.
This is the second attempt to list in the Stock Exchange. The company previously tried to make public combining with a SPAC in 2022, but eliminated its plans when the SEC did not approve the merger within an expected period. Before failing, the SPAC agreement valued the circle at $ 9 billion.
While it is not clear what value the company will get in its OPI, Renaissance Capital estimates that the company will try to collect $ 750 million In your offering.
According to the regulatory presentation, investors with more than 5% owned in the company include ACCEL, General Catalyst, Breyer, IDG Capital and Oak Investment Partners.
The USDC in circulation is valued at $ 60 billion, according to the presentation.
The company is planning its OPI in the midst of the Trump administration support position on cryptographic assets.
