Circle Internet Financial, issuer of the stablecoin USDC, has confidentially applied to go public in the United States as part of its plan to become a public company.
Circle has not disclosed the number of shares it plans to sell or the proposed price range for its new IPO.
The USDC issuer reported its intention to go public in November, when the company started negotiations with consultants. Goldman Sachs, General Catalyst and BlackRock may take part in organizing the initiative.
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The offering is scheduled to take place after the US Securities and Exchange Commission (SEC) completes its review of the Form S-1 filing.
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There are currently $25 billion in USDC tokens in circulation.