Mentioned:
One of the most important private companies in crypto is getting ready to make their Wall Street debut.
What’s happening:
- Circle has officially filed a Form S-1 with the United States Securities and Exchange Commission to list on a major stock exchange in America
Why it matters:
- Circle is the issuer of USDC, which is one of the largest stablecoins in crypto by both market capitalization and transaction volume
Going deeper:
- JPMorgan Chase and Citi will lead the IPO financing round for Circle
- Circle has landed multiple notable investors in previous financing rounds, including Goldman Sachs, BlackRock, Fidelity and other large asset management companies globally
The intrigue:
- Circle previously attempted to go public through a SPAC transaction, before ultimately abandoning their listing due to regulatory uncertainty around digital assets in the United States of America
