Circle Internet Group, the firm behind stablecoin USDC, has filed for an initial public offering on the New York Stock Exchange, the firm said on Tuesday. Circle is offering 24 million of its class A shares,

Key Takeaways Circle, the company behind the USDC stablecoin, said it plans to sell shares at $24 to $26 each in its IPO.The move would raise as much as $624 million for the company and its backers.Circle's USD Coin is a stablecoin,

Circle, the issuer behind USDC, the world’s seventh-largest cryptocurrency, is navigating a pivotal moment as it pushes ahead with plans for an IPO, even as acquisition rumors swirl around potential suitors like Coinbase and Ripple.