Circle, a USDC Stablecoin source, presented an initial general offer (IPO), which represents a big step towards becoming a company circulating for the public.
The company presented the issuance bulletin to the Securities and Stock Exchange Committee (SEC), with the aim of listed its shares on the New York Stock Exchange under the “CRCL” code. The move comes at a time when the United States government appears to be more suitable for encrypted technologies and Blockchain technologies.
Source Source Department files for public subscription
circle resolution To go publicly, it follows years of anticipation. The company first tried to enter the public markets through a merged process with a special purpose acquisition company (SPAC) in 2021. However, this effort was stopped due to organizational concerns and timing issues with SEC.
Since then, Circle has placed herself as a more integrated player in global financing, including the transfer of its headquarters from Boston to the World Trade Center in New York.
In 2024, Circle made a draft registration statement for a public subscription with SEC, a move that was made in light of the increasing influence of Stablecoins in the encryption market. In the event of public subscription, the department will allow the department to reach public funds, and investors are an opportunity to invest in a company that has been active in the coded currency for several years until now.
Financial performance and public subscription evaluation
Serkel had a significant increase in its revenue for 2024, with a total revenue of $ 1.68 billion, increased from $ 1.45 billion in 2023. A large part of this income came from the reserve income related to Stablecoin operations. The company’s net income for this year was about 156 million dollars, although this was a decrease in 268 million dollars in 2023.
The subscription is expected to be estimated at 4 billion dollars in subscription, as JPMorgan Chase and Citigroup work as a key leader.
Stablecoin USDC, which is now created among the largest and most popular is available in the cryptocurrency market, which costs about $ 60 billion.
The organizational climate and friendly transformation of encryption
Circle’s decision to go to public subscription can also be considered as a sign of a change in the organizational expectations of encrypted currencies in the United States. The current government under the presidency of Donald Trump is more accepted and tended towards formulating favorable encryption laws. This change gave more confirmation of companies in the encryption space like Circle, which now has an opportunity to perform their operations under a friendly organizational environment.
Analysts noted that the American authorities may provide legislation organizing Stablecoins this year, which will allow the department to enhance its location in the market. Such movements also show the increasing role of Stablecoins in the context of the company’s cooperation with stock exchanges such as Coinbase, which committed to the participation of the revenue resulting from USDC.
But Circle is not alone in the company related to the encryption you are trying to include on the stock exchange. It is also believed that there is another big player in Blockchain, Ripple, who is considering advertising. Despite facing the continuous organizational scrutiny of the Supreme Education Council, Ripple has a strong position in the cryptocurrency market, especially in the cross -border payments, putting the company in the circuit simulation.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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