The Bank Slate


Stablecoin issuer Circle files paperwork for IPO

Stablecoin issuer Circle has filed confidential paperwork with the Securities and Exchange Commission for an initial public offering.

The company, which issues USDC, disclosed the filing on Thursday. The amount Circle plans to raise, along with the number of shares it wants to sell, were not disclosed. The SEC must first review the paperwork.

Circle originally planned to go public in 2021 when it struck a deal with special purpose acquisition company Concord Acquisition, but that plan was scrapped around a year ago.

The SEC earlier this week approved 11 spot Bitcoin exchange-traded funds, which allow investors to have direct exposure to Bitcoin without actually holding it.

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