USDC Stablecoin Issuer Circle Files to Go Public

Circle Internet Group, the issuer of the popular USDC stablecoin, has filed an S-1 with the SEC for an initial public offering. The firm plans to issue its stock under the ticker CRCL on the New York Stock Exchange.

“For Circle, becoming a publicly traded corporation on the New York Stock Exchange is a continuation of our desire to operate with the greatest transparency and accountability possible,” Circle CEO and co-founder Jeremy Allaire wrote in the filing. “We are building what we believe to be critical infrastructure for the financial system, and we seek to work with leading companies and governments around the world in shaping and building this new internet financial system.”

Editor’s note: This story is breaking and will be updated with additional details.