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Circle, USDC Issue, stable, attached to the US dollar, Filed in public on TuesdayS

The company that makes money from interest earned from its reserve assets reported that revenue from 2024 and reserve income was $ 1.68 billion, with $ 1.45 billion in the previous year. The Circle 2024 net income was $ 156 million, which is more than $ 268 million in 2023.

This is Circle’s second attempt to list the stock exchange. The company before I tried to publish public By combining with SPAC in 2022, but it deflated its plans when the SEC did not approve the merger within the expected period. Before failing, the SPAC deal evaluates RoundS

Although it is not clear what value the company will bring to its IPO, Renaissance Capital estimates that the company will try to collect $ 750 million In its supply.

According to regulatory submission, investors with more than 5% ownership of the company include Accel, General Catalyst, Breyer, IDG Capital and Oak Investment Partners.

Circle USDC in circulation is estimated at $ 60 billion, according to submission.

The company plans its IPO against the background of Trump administration Supporting the cryptocurrency positionS