Report: Stablecoin Giant Circle Eyes 2024 Public Listing Crypto firm Circle, the issuer of usd coin (USDC), the second-largest stablecoin by market capitalization, is reportedly contemplating
going public in 2024. Over the last 10 years, Circle has operated many businesses including providing retail investors
access to bitcoin (BTC) and then transitioning into a market maker. In its most recent years,
Circle has been issuing and managing the second-largest stablecoin, usd coin (USDC). Circle attempted to go public
via a special-purpose acquisition company (SPAC) deal but opted out in 2022. At that time, Circle’s estimated valuation was
around $9 billion, while some estimates showed the valuation was
closer to $4.5 billion. In May 2021, Circle revealed the company
obtained $440 million in financing from a number of strategic investors. After that, rumors of an initial public offering (IPO) started to circulate.
In July 2021, there were talks about Circle planning to go public via a SPAC merger with Bob Diamond’s Concord Acquisition.
