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USDC Issuer Circle Files for IPO After Recording Revenue Growth

  • Circle, the second top stablecoin USDC issuer, has filed for an IPO by submitting an S-1 form with the US SEC.
  • Circle reported a significant growth in revenue, with $1.68 billion in 2024, leading to the decision to go public.
  • The popularity of stablecoins is increasing due to support from the US government and recognition of their potential.
  • Circle's IPO filing comes amidst a favorable environment for stablecoin and cryptocurrency companies to go public.

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