stablecoin

USDC stablecoin issuer Circle files confidentially for an IPO Here we go againCircle Internet Financial (Circle) has confidentially filed for a proposed IPO, the company said on Thursday. Circle is the issuer of the stablecoin USDC, which has the second-largest market capitalization on the market, worth about $25.25 billion, according to CoinMarketCap. The largest stablecoin, Tether, had a market cap of $94.65 billion, at the time of publication. The number of shares and price range for the proposed IPO is yet to be determined, the company said. Circle did not immediately respond to queries on how this IPO will be different from its previous SPAC efforts.