Circle Internet Financial, the company behind stablecoin USD Coin (USDC), has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), seeking a valuation between $4 billion and $5 billion.

Even though it's coming during a volatile period for the markets and economy, the cryptocurrency company's planned listing puts pressure on rivals and regulators.

Circle's $1.68B revenue drives its IPO file, as stablecoins get US government endorsement. SEC approval is presently pending.

Circle revealed details in its S-1 disclosure, including its revenue sources and partnerships with Coinbase and Binance.

Circle Internet Group is looking to become a publicly-traded company, filing for an IPO. It plans to use the ticker 'CRCL.'

The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.

Circle Internet Group, Inc., the issuer of the world’s second-largest stablecoin, USD Coin (USDC), has filed for an initial public offering (IPO).

Intercontinental Exchange Inc., parent of the New York Stock Exchange, is joining with Circle Internet Financial Ltd. to explore the use of the crypto firm’s USDC stablecoin, as well as tokenized money market funds,