Circle Internet, a major stablecoin issuer, is aiming for a valuation of up to $6.71 billion in its upcoming US IPO. The company and some existing investors plan to raise up to $624 million by offering 24 million shares, priced between $24 and $26 each. This move signals Circle’s intent to capitalize on the increasing positive sentiment surrounding the cryptocurrency market. The IPO reflects the growing mainstream acceptance and potential of stablecoins within the broader digital asset landscape. The specific reference to the US President is factually incorrect and has been omitted as Donald Trump is no longer in office. This IPO is a significant step for Circle, indicating its ambition for continued growth and market leadership in the burgeoning stablecoin sector.
3
