Stablecoin Pioneer Tether Makes Historic Stock Market Debut

Circle Files for IPO, Aims to Raise $4 Billion for Stablecoin Empire

April 1, 2025 - In a major move that could shake up the digital asset landscape, Circle Internet Financial, the company behind the popular stablecoin USDC, has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

According to a regulatory filing, Circle is seeking to raise $4 billion in the IPO, which would value the company at around $16 billion. The move comes as the stablecoin market continues to experience rapid growth, with Circle's USDC becoming one of the most widely used and widely held stablecoins in the world.

Founded in 2013, Circle has established itself as a leading player in the digital asset space, with a suite of products and services that cater to institutional investors, individuals, and businesses. The company's flagship product, USDC, is pegged to the US dollar and has become a go-to stablecoin for traders and investors looking to minimize volatility and maximize liquidity.

The IPO filing comes as Circle looks to expand its operations and further cement its position in the market. The company has been investing heavily in its infrastructure and talent pool, with a focus on developing its blockchain-based payment and settlement systems.

"We're thrilled to take this next step in our journey," said Circle CEO Jeremy Allaire in a statement. "Our IPO will enable us to accelerate our growth and innovation, while providing our customers and partners with even greater confidence in our ability to deliver reliable and secure financial services."

The IPO is expected to be one of the largest in the digital asset space to date, and could pave the way for other companies in the sector to follow suit. With the stablecoin market continuing to grow at a rapid pace, Circle's IPO could be a major catalyst for further innovation and adoption in the space.

The offering is expected to be priced in the coming weeks, with Circle aiming to list on the New York Stock Exchange (NYSE) or the NASDAQ. The company has hired a team of investment banks, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, to advise on the offering.