I stumbled across an interesting news piece about Circle Internet Financial while browsing crypto updates because they are preparing their initial public offering (IPO) of the USDC stablecoin. Two Wall Street giants, JPMorgan Chase and Citi, now guide the company, as reported by Fortune.
The plan? File publicly in late April. The information comes from two persons close to the matter, yet they acknowledge that the timing remains uncertain as events unfold. The anticipated time for Circle Internet Financial to launch its IPO will be June, although investors should remain patient as these wait times can be lengthy.
Circle attempted IPOs through a SPAC merger in 2021 before they filed with the SEC quietly last year. The company chooses to attempt a public listing under the crypto-friendly presidential leadership of Donald Trump. I have been monitoring this trend, especially after Kraken announced its IPO plans last week.
Why Now? Crypto’s Big Moment
Circle’s timing feels spot-on. The stablecoin USDC currently holds a position as the second-most popular digital cash product behind USDT, with a distribution volume of $60 billion based on CoinGecko statistics. USDC provides a dollar-affiliated safety net during crypto’s unpredictable journeys, and Circle plans to go public because it believes it will boost its reputation.
They’re not alone, either. The regulatory changes have attracted BitGo and Gemini, along with Kraken, to file IPO applications for either 2025 or 2026 deadlines. The SEC continues to drop cases while Trump’s push for crypto capital has initiated the institutional investment surge.
JPMorgan and Citi refused to respond to my questions, while Circle has not yet answered my inquiries. The industry signals remain optimistic. Crypto seems focused on its mainstream integration,, leading Circle to work for top status in this evolving industry sector.
The stakes include both opportunities and possible dangers.
Here’s where it gets tricky. The company is now targeting a valuation of $4-5 billion despite its previous attempt at $9 billion through a SPAC, which failed. USDC experienced market expansion from $25 billion to $60 billion, although PayPal, Fidelity, and Trump’s USD1 joined the line of competitors.
Trump’s threatening tariff policies, as described in recent articles, have the potential to disrupt market stability because international trade disorders could frighten investors. SEC review represents only the beginning process, as the application might extend through summer 2023 until the agency detects any possible issues.
Still, I’m rooting for them. Successful IPO activities would boost stablecoins’ legitimacy by having Circle shares traded parallel to USDC, facilitating cross-border payments through Bitso’s MXNB. The initiative has the potential to initiate an uplift, but also risks facing difficulties. This is popcorn time, and I want to know your prediction.
