- Circle, the company behind the USDC stablecoin, is reportedly in talks with advisers to prepare for a public listing in 2024.
- The discussions are ongoing, and there is no certainty that the company will proceed with the IPO.
- Circle had previously planned to go public via a SPAC deal in 2022 but abandoned it due to a failure to complete the SEC qualification on time.
- The company’s valuation is expected to be around $9 billion, similar to its previous valuation.
- Circle has prominent backers such as BlackRock and Fidelity, and it has a partnership with Coinbase that generated $172 million in income.
Circle, a stablecoin issuer, is reportedly considering an initial public offering (IPO) for next year
