Circle, the issuer of the USDC stablecoin, has filed a draft registration statement with the SEC to go public. Circle previously planned to go public via a SPAC which fell through.
Yesterday’s SEC approval of the first spot Bitcoin ETFs could create a supportive environment for a stock listing.
Unlike when it first planned to list, Circle should now be rather profitable. After all, it earns more than 4% on $25 billion of stablecoin reserves.
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