{"id":660298,"date":"2025-04-03T03:43:40","date_gmt":"2025-04-03T00:43:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stablecoin-issuer-circle-takes-another-stab-at-a-public-listing\/"},"modified":"2025-04-03T03:43:40","modified_gmt":"2025-04-03T00:43:40","slug":"stablecoin-issuer-circle-takes-another-stab-at-a-public-listing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stablecoin-issuer-circle-takes-another-stab-at-a-public-listing\/","title":{"rendered":"Stablecoin issuer Circle takes another stab at a public listing"},"content":{"rendered":"<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1876042\/000119312525070481\/d737521ds1.htm#rom737521_9\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">filed to go public on Tuesday<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle\u2019s 2024 net income was $156 million, down from $268 million in 2023.<\/p>\n<p class=\"wp-block-paragraph\">This is Circle\u2019s second attempt at listing on the stock exchange. The company previously tried to go public by combining with a SPAC in 2022 but scr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed its plans when the SEC didn\u2019t approve the merger within an expected timeframe. Before failing, the SPAC deal valued Circle at $9 billion.<\/p>\n<p class=\"wp-block-paragraph\">While it is not clear what value the company will fetch in its IPO, Renaissance Capital estimates that the company will attempt to raise <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.renaissancecapital.com\/Profile\/CRCL\/Circle\/IPO\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$750 million<\/a> in its offering.<\/p>\n<p class=\"wp-block-paragraph\">According to the regulatory filing, investors with more than 5% ownership in the company include Accel, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Catalyst, Breyer, IDG Capital, and Oak Investment Partners.<\/p>\n<p class=\"wp-block-paragraph\">Circle USDC in circulation are valued at $60 billion, according to the filing.<\/p>\n<p class=\"wp-block-paragraph\">The company is planning its IPO amid the Trump administration\u2019s supportive stance on crypto assets.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/category\/technology\/\" target=\"_blank\" >Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techcrunch.com\/2025\/04\/02\/stablecoin-issuer-circle-takes-another-stab-at-a-public-listing\/\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, filed to go public on Tuesday. The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle\u2019s 2024 net income was $156 million,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":660299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/11\/GettyImages-887657568.jpg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[75936,75736,76556,75493,5007],"class_list":["post-660298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-circle","tag-crypto","tag-fintech","tag-stablecoin","tag-ipo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/660298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=660298"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/660298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/660299"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=660298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=660298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=660298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}