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Could 2025 be the year crypto enters public markets with institutional momentum? That question is gaining traction after Circle — the company behind stablecoin giant USDC — filed for an initial public offering (IPO) in order to be listed on the New York Stock Exchange under the ticker symbol CRCL. Backed by major underwriters like JPMorgan and Citi, the move could mark a regulatory milestone for how crypto-native firms engage with Wall Street.
In this article, we break down Circle’s IPO plans and financials, and consider whether this development could signal more public listings for the crypto industry.
Key Takeaways:
Circle’s IPO could set the tone for future crypto listings on Wall Street
USDC’s market share and Circle’s $1.68B revenue highlight its institutional strength
Regulatory clarity and political support may accelerate more crypto IPOs in 2025