USDC issuer Circle submits IPO prospectus to US SEC

PANews reported on April 2 that USDC issuer Circle Internet Financial submitted an initial public offering (IPO) prospectus to the U.S. Securities and Exchange Commission (SEC) on Tuesday, according to The Block. The document shows that the company had secretly submitted a draft registration statement for Form S-1 to the SEC the day before - this is the standard process for companies to be listed. The prospectus does not disclose the specific number of shares issued and the target share price range.

Circle CEO Jeremy Allaire said in its prospectus: "Listing on the New York Stock Exchange is a natural extension of Circle's pursuit of the highest transparency and accountability." The filing coincided with the eve of the U.S. House Financial Services Committee's plan to review the stablecoin regulation bill, and the Senate version of the "GENIUS Act" was approved in March. Last week, World Liberty Financial, supported by former President Trump, also announced that it would launch a stablecoin.