Catenaa, Sunday, April 06, 2025-Stablecoin issuer Circle has enlisted JP Morgan Chase and Citi ahead of a planned initial public offering, expected to be filed in late April, Fortune reported.
Circle, which issues the USDC stablecoin, has previously attempted to go public. It first pursued a SPAC merger in 2021, then confidentially filed with the SEC in 2024.
The company is now aiming for a traditional IPO, though the timeline remains uncertain.
Circle’s IPO preparation comes as other major crypto firms, including Kraken, Gemini, and BitGo, also plan public listings under a crypto-friendly regulatory landscape. The move signals growing institutional confidence in the digital asset sector.
JP Morgan declined to comment, while Circle and Citi have yet to respond to inquiries. USDC remains the second-largest stablecoin by market supply, trailing only Tether’s USDT, according to Data Dashboard.
