Stablecoin Giant Circle Files for Initial Public Offering

Stablecoin Giant Circle Files for IPO

If approved, the company's shares will trade on the New York Stock Exchange under the symbol “CRCL.”

Tom Carreras | Edited by Aoyon Ashraf Updated April 1, 2025, 20:50 UTC Published April 1, 2025, 20:46 UTC

What you need to know:

• Circle, the issuer of the USDC stablecoin, plans to hold an IPO.
• The company filed a Form S-1 with the SEC to list on the New York Stock Exchange under the symbol CRCL.
• As of the end of 2024, Circle reported $1.7 billion in reserve income from stablecoin operations.

US stablecoin issuer Circle is going public.

The firm filed its S-1 form with the Securities and Exchange Commission on Tuesday. If approved, the company's shares will begin trading on the New York Stock Exchange under the ticker symbol “CRCL.”

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The company reported that its reserve income from stablecoin-related asset management was $1.7 billion at the end of 2024, accounting for 99.1% of total revenue.

Circle is the second-largest USDC stablecoin by market cap, with a $60 billion offering. The company's IPO has become one of the most anticipated events in the crypto space.

It’s not the only crypto company looking to go public. AI company CoreWeave (CRWV), which has strong business ties to mining company Core Scientific (CORZ), began trading on the public market on March 28.

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