Stablecoin issuer Circle Internet Financial is reportedly considering an initial public offering (IPO) in early 2024. The company, known for issuing the popular USDC stablecoin, has been in discussions with advisors as it explores the possibility of going public. While no final decision has been made, Circle has expressed its long-standing aspiration to become a US-listed public company. If the IPO proceeds, it would join a growing list of crypto companies tapping into public markets amidst heightened investor interest in the sector. Circle had a valuation of $9 billion last year when it pursued a public listing through a merger, but the deal ultimately fell apart. The company has since raised private funding from prominent investors such as Goldman Sachs, BlackRock, and Fidelity Investments, and was valued at $7.7 billion in a 2022 funding round. As the issuer of the second-largest stablecoin, an IPO would bring more transparency to Circle, shedding light on the company behind this significant digital asset.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	1
People	None
Companies	BlackRock, Goldman Sachs, Concord Acquisition Corp, None, Fidelity Investments
Currencies	US Dollar, USDC
Securities	None