Circle considers IPO delay amid economic uncertainty — Report
The USDC dollar-pegged token issuer had $1.67 billion in revenue for 2024, a 16% increase from the year before.
Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, might delay its planned initial public offering (IPO) amid macroeconomic uncertainty over US President Donald Trump’s trade policies, the The Wall Street Journal reported.
Circle registered with the United States Securities and Exchange Commission (SEC) on April 1 to take the company public. It is now “waiting anxiously” before taking further steps, the Journal reported, citing people familiar with the matter.
Circle joins a growing list of companies considering IPO delays, including fintech company Klarna and ticketing firm StubHub.
