Circle just made a big move—it filed for a traditional IPO, making it clear that it wants to bridge crypto with the world of regulated finance.

The USDC issuer is moving from private to public, and this signals a big step toward more transparency and working closely with regulators.
Backed by big financial names, this IPO could shift how stablecoins are seen by both Wall Street and the crypto crowd.

Based in Boston, Circle filed a Form S-1 with the SEC last week. It’s aiming to list its Class A shares on the New York Stock Exchange under the ticker “CRCL.”

We don’t know the exact price or launch date yet—it all depends on market conditions and regulatory approval.
This isn’t Circle’s first time trying, either. Its earlier plan to go public via a $9B SPAC fell apart in 2022.

USDC’s Key Role in DeFi and What This IPO Means for Crypto

Circle’s USDC is the second-biggest stablecoin in the market and is used in tons of DeFi apps and payment solutions.

Experts say this IPO, if it goes well, could be a major signal that confidence is returning to the crypto space—especially with regulators watching stablecoins so closely.

Circle Teams Up with JPMorgan and Citi for IPO

To make the IPO happen, Circle has brought in some Wall Street heavyweights: JPMorgan and Citi will lead the underwriting.

A public offering is expected by late April, with insiders suggesting a target valuation of $4–$5 billion.

If this plays out, it would be one of the biggest crypto-related IPOs since Coinbase made headlines in 2021.