One of the largest stablecoin issuers in the world is moving forward with plans to go public this year. Indeed, USDC issuer Circle Internet Financial is working with both JPMorgan and Citi on an IPO filing that is expected to take place in April, according to a Fortune report.
The move confirms what have been longtime plans for the issuer to publicly list its shares. Moreover, it is aligning with the investment banks en route to the listing, according to two key sources. Although there is no specified deadline, the report notes that trading could begin at some point in May.
Also Read: Circle USDC Will Be First US Dollar Stablecoin In Japan
Circle Preps IPO Filing, Hires Two Key Banks as It Looks to Go Public This Year
Although we are just three months into the year, 2025 has been a fantastic year for cryptocurrencies. Indeed, the asset class has been a focus for the returning US President, Donald Trump. Moreover, he has paid close attention to stablecoins specifically, calling on Congress to forward favorable legislation for the asset class.
That is likely a key reason why one of the biggest stablecoin issuers is poised to go public this year. Indeed, the USDC issuer circle is hiring both JPMorgan and Citi as it prepares to file an IPO this year. Specifically, sources say the company is expected to file the paperwork in “late April.”
Also Read: Ripple to Challenge Circle, Tether as Stablecoin Liquidity Hits Record
When the filing is completed, trading typically begins just four weeks after. However, that is not the case for all filings, as the report notes that “some businesses can sit on registration for months.” Going public has proven to be a longtime aspiration for the company and was previously attempted in 2021.
At that point, the US Securities and Exchange Commission (SEC) failed to sign off on a proposed merger to form an SPAC arrangement. Thereafter, it opted to shelve IPO plans in 2022 after the FTX crash greatly affected the overall digital asset market. In early 2024, the stablecoin giant confidentially filed with the agency for a traditional IPO. Now, making the efforts public would be seen as “a final step towards a public listing of its shares.”