Stablecoin circuit files for the public subscription source after the large revenue report

Circle Internet Group applied for a long -awaited primary public offer with the US Securities and Exchange Committee on April 1. In the S-1 model, the company has set plans to include its shares on the New York Stock Exchange under CRCL.

The company, which issues the second largest stablecoin by market value, USDC, as well to publish Increase revenues steadily. Serkel reached a net income of $ 156 million at a value of $ 1.68 billion in 2024, compared to a net income of $ 268 million at $ 1.45 billion of revenues in the previous year.

Department files for public subscription

Revenue of $ 1.7 billion (+16 % on an annual basis)
$ 285 million EBIDTA (-29 % Y/Y)
Net income of 155 million dollars (-42 %) pic.twitter.com/qhldPakfr

– Matthew Sigge, CFA Restore (Matthew_sgel) April 1, 2025

The long -awaited public subscription will kick

“The departure now represents the fact that we are at the crossroads of Circle and the development of the financial system online,” said Jeremy Aller, CEO of Serkel in a letter to investors included in the bulletin.

He added: “Although we are proud and confident about our ability to follow this opportunity, our future (like our past) is out of uncertainty and risks in which we must successfully move.”

Circle’s general offering was one of the most expected areas in the encryption industry, as he was trying to do so for years. Details of the sale of the company’s shares, including the proposed price range and the number of shares, will be revealed, and will be revealed in a later file.

“For Circle, to become publicly circulated on the New York Stock Exchange is a continuation of our desire to work with the largest possible transparency and accountability,” said Alere, who added.

“We build what we think is a critical infrastructure for the financial system, and we seek to work with leading companies and governments around the world to form and build this new financial system on the Internet.”

Usdc is the second largest stablecoin behind Tether’s USDT, with a trading of $ 60 billion and a market share of about 25 %. Tether, which has strengthened Bitcoin reserves with a purchase of $ 735 million this week, is still a pioneer in the field of clear industry with market dominance by 60 %.

Trump’s mining company plans the son of public subscription

In relevant news, the encryption mining project announced this week between HUT 8 and the Investor Group that includes two sons of US President Donald Trump, called American Bitcoin Corp. , also Declare Plans of the public brand in the end.

The CEO of HUT 8 ASHER Genot said on April 1 that, in the long run, he will be seen as the sister of two companies circulating publicly.

“By combining the operational excellence in which Hut 8 has proven in data centers with our joint passion for bitcoin and decentralized financing, we are ready to enhance our organization and pay great growth in the future,” said Eric Trump, who co -founded the American bitcoin coin.