# Stablecoin Giant Circle Files for IPO

*Author: Bankless*
*Published: Apr 1, 2025*
*Source: https://www.bankless.com/read/stablecoin-giant-circle-files-for-ipo*

---

Circle, USDC's issuer, has filed an IPO to list on the New York Stock Exchange, marking a pivotal step for the stablecoin giant. 

## **What’s the Scoop?**
- **IPO Filing**: Circle, the issuer of the USDC stablecoin, has filed an S-1 form with the SEC to list its stock on the New York Stock Exchange under the symbol CRCL.
- **Massive Reserve Income**: Circle reported $1.7 billion in reserve income from its stablecoin-related operations in 2024, representing 99.1% of its total revenue.
- **USDC Leadership**: USDC, managed by Circle, is the second-largest stablecoin by market capitalization with a $60 billion supply, highlighting its significant presence in the crypto economy.

> BREAKING: Circle files for IPOOfficialy files their Form S-1 with the SEC [pic.twitter.com/kY0lq3fhbO](https://t.co/kY0lq3fhbO)— TylerD 🧙‍♂️ (@Tyler_Did_It) [April 1, 2025](https://twitter.com/Tyler_Did_It/status/1907170022834741648?ref_src=twsrc%5Etfw)
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/stablecoin-giant-circle-files-for-ipo)*