Circle Internet Financial, the issuer of the USDC stablecoin, has filed for an Initial Public Offering (IPO) in the United States. This move follows similar intentions by other crypto entities like Ripple, which is expected to progress with its IPO goals after its ongoing SEC lawsuit concludes. Existing crypto companies, including Coinbase and various crypto mining firms, are already trading on U.S. stock exchanges.
Early reports indicate that approval has been granted for spot Bitcoin ETFs, signaling increasing integration of crypto assets into mainstream financial markets. The growing number of crypto companies on the stock market suggests that the U.S. might even consider launching a separate index for cryptocurrencies in the future.
Circle’s announcement revealed that it submitted a confidential draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). However, details regarding the number of shares to be offered and the price range for the proposed offering have not been disclosed yet.
The potential addition of Circle to the U.S. stock market underscores the ongoing trend of cryptocurrency firms seeking legitimacy and broader market access through public listings.
As the crypto industry continues to mature, the presence of these companies on traditional stock exchanges may pave the way for further institutional acceptance and investment in the digital asset space.