Stableco Circle cooperates with the best American banks as it is preparing to launch the first public offers in April (IPO).
According to a new wealth a reportCircle usdc-hell circle works with JPMorgan Chase and Citi Bank to include the company’s shares next month.
Quoted from “two sources familiar with the situation”, Fortune reports that Circle is planning to present paperwork for public subscription in late April.
The department was presented to the traditional public subscription with the US Securities and Stock Exchange Committee (SEC) in January 2024. Circle tried to submit public subscription in previous years, but the company’s recent attempt was abandoned after FTX collapsed in 2022.
According to the report, the imminent public subscription has the ability to be the largest encoding of the public since Coinbase was published in 2021. Citi Bank and JPMorgan also advised Coinbase before the announcement.
Stablecoins USDC is officially released by Circle and can be 1: 1 for the US dollar. USDC is the second largest stablecoin with a maximum market of more than $ 53 billion, only second to USDT, which cost about $ 140 billion. Usdt is released from Crypto Tether.
In December, CEO of Serkemi Jeremy Aller said in US dollar can become a “collective product for the United States.”
“First of all, we have to focus on the strength of the dollar and competitiveness first. We have a situation in the world where the dollar is the backup currency, there are many places in the world that do not want the dollar to be that currency.
So, we first need full backup dollars, such as Stablecoins to become a collective product for the United States, and if there is a major currency on the Internet, make sure it is a digital dollar … “
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