Circle Internet Financial, the issuer of the USDC stablecoin, confidentially filed to sell shares to the public for the first time.
The company filed a confidential draft S-1 document to the U.S. Securities and Exchange Commission, it said in a statement. The number of shares to be offered and the price range for the proposed offering have not yet been determined, it said.
USDC is the second-largest stablecoin, with a market cap of about $25 billion. Tether, the largest, has a market cap around $95 billion, CoinMarketCap data show.
