Circle, the company behind the USDC 澳洲幸运5官方开奖结果体彩网:stablecoin, has filed for a U.S. 澳洲幸运5官方开奖结果体彩网:initial public offering, becoming the latest tech firm that is aiming to test the market as tariff uncertainty and worries about the economy’s health weigh on investors.

In its prospectus filed with the Securities and Exchange Commission on Tuesday, Circle said it plans to list🅰 on the New York Stock Exchange under ticker symbol “CRCL.” A stablecoin is a cryptocurrency whose value is pegged, or tied, to that of another currency, commodity, or financial instrument and so tend﷽s to be less volatile than other digital assets like Bitcoin. USDC, which was launched in 2018, is backed by U.S. dollar assets.

Circle, which had previously announced plans to go public in 2021 via a SPAC merger, said in Tuesday's SEC filing that its net income last year was $155.7 million, down from $267.5 million a year earlier. It had $1.68 billion in revenue and reserve income in 2024, versus $1.45 billion in 2023.

Circle will be braving a volatile 澳洲幸运5官方开奖结果体彩网:IPO market along with tech firms like 澳洲幸运5官方开奖结果体彩网:buy now, pay later giant Klarna, 澳洲幸运5官方开奖结果体彩网:ticket reseller StubHub, and 澳洲幸运5官方开奖结果体彩网:online trading platform eToro, all of which filed IPO paperwork last month. IPOs have had a mixed performance in recent days. Nvidia-backed cloud computing company CoreWeave (CRWV) had a 澳洲幸运5官方开奖结果体彩网:disappointing debut in the biggest U.S. tech IPO since 2023 though is now trading above its $40 IPO price. Meanwhile, conservative news channel Newsmax's (NMAX) shares surged on th𝐆eir first trading day Monday.