Circle Internet Financial Files for IPO

The issuer of the USDC stablecoin seeks to go public following a previous failed SPAC merger attempt.

Circle Internet Financial, the issuer of the USDC stablecoin, has confidentially filed for a proposed IPO.
The company had previously attempted to go public via a SPAC merger deal, which was later abandoned.
USDC is the second-largest stablecoin, with a market cap of about $25 billion.
The IPO is expected to take place after the SEC completes its review process, subject to market and other conditions.
Circle's move to go public comes after a prolonged slump in dealmaking amid high interest rates and market volatility.