<ul><li>Circle, the issuer of USDC stablecoin, is gearing up for an IPO on the NYSE to offer 24 million shares and target a valuation of about $6.7 billion.</li><li>The IPO move by Circle is unrelated to Ripple Labs or any potential acquisition, focusing on expanding the USDC ecosystem and enhancing public accountability.</li><li>Circle's IPO includes 24 million shares, with 9.6 million newly issued shares and 14.4 million from existing stockholders, to be listed under the CRCL ticker on the NYSE.</li><li>Major U.S. financial institutions are involved in the IPO, with JPMorgan, Goldman Sachs, and Citigroup as joint bookrunners, while Circle clarified that Tether, its main competitor, is not pursuing a public listing.</li></ul>

USDC Issuer Circle to Go Public on NYSE—No Ties to Ripple Acquisition

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