PANews reported on April 2 that according to The Block, Circle Internet Financial, the issuer of the US stablecoin USDC, submitted an initial public offering (IPO) prospectus to the US Securities and Exchange Commission (SEC) on Tuesday. The document shows that the company had secretly submitted a draft S-1 registration statement to the SEC the day before, which is a standard process for companies planning to go public. The prospectus did not disclose the specific number of shares issued and the target price range.
Circle CEO Jeremy Allaire said in the prospectus: "Listing on the New York Stock Exchange is a natural extension of Circle's pursuit of the highest transparency and accountability." The filing comes just before the U.S. House of Representatives Financial Services Committee plans to review the stablecoin regulation bill. The Senate version of the "GENIUS Act" was approved in March. Last week, World Liberty Financial, which was supported by former President Trump, also announced that it would launch a stablecoin.
