The USDC export circle was appointed to the public subscription file by April, the eyes of the market evaluation of $ 5 billion

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Circle Internet Financial, the source of the second largest StablecoinUSDC, its first -planned public width is strengthened for a long time (IPO) by appointing JPMorgan Chase and Citi as my devices.

According to the hadith a report Through Fortune, Fintech is expected to publicly present paper by the end of April, taking into account a rating ranging between $ 4 billion to $ 5 billion.

The circle moves forward with public subscription plans after the previous failure

The exact time for public subscription is still not certain, but usually, companies that offer public subscription files expect their shares to start trading after about four weeks. However, some companies may remain in registration For several months before the launch of their general offers.

This is the second attempt of a circle for the public. In 2021, the company announced plans to integrate through a special purpose acquisition company (SPAC) with the support of an investment company.

but, Regulatory complications He grew up when the US Securities and Stock Exchange Committee (SEC) did not agree to the proposed integration, which was extended several times.

Ultimately, Circle abandoned SPAC plans at the end of 2022, after FTX collapsed and the broader encryption market declined. In 2024, Stablecoin Source presented a secret file with SEC for the traditional public subscription, which is now moving towards general disclosure.

The imminent general deposit is important because it will provide detailed visions in Serkel’s financial health for the first time. This deposit will also reveal the company’s proposed Ticker and can pave the way for a general inclusion of its shares.

If successful, Circle’s public subscription represents the largest subscription subscriptions related to the encrypted currency since then Coinbase It was science in 2021 through a direct list, where JPMorgan and Citi also worked as Coinbase financial advisers.

USDC sees the market counters to $ 60 billion

Circle has undergone several transformations, focusing on different work lines on payments and coding trading to a focused focus on Stablecoins around 2018.

Its pioneering product, the US dollar currency (USDC), was initially imagined as a federation between financial companies through an organization called center, although it has finally became mainly linked to Coinbase.

In 2023, the center was dissolved, and the two companies restructured their partnership of the USDC management, allowing Coinbase to continue receiving a large share of Stablecoin’s revenues.

Usdc gained a traction during the 2021 encryption boom, with a market value from less than one billion dollars in 2020 to more than $ 50 billion in 2022, benefiting from the benefit caused by the US -backed assets that support USDC, including the American Treasury.

However, the company faced great challenges, especially in March 2023, when it revealed that $ 3.3 billion was trapped in Silicon Valley, causing USDC loss for a short period in PEG one dollar on secondary trading platforms.

By the end of 2023, the USDC market value decreased to less than $ 25 billion, but since then it has turned to about 60 billion dollars. On the other hand, the source of the largest stablecoin, USDT on the market, includes a marketing of a market of $ 143 billion, according to CoinmarketCap Data.

The progress of Stablecoin legislation in Congress can be a bullish index for Circle, as the Senate Banking Committee has recently advanced with a draft law and the House of Representatives is expected to vote on its version soon.

The supporter now, Donald Trump, also has Express The desire to sign Stablecoin legislation by August this year, indicating the potential organizational support for the industry.

Distinctive image from Dall-E, Chart from TradingView.com

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