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Circle beefs up ahead of IPO Founded in 2013, Circle and its founding CEO Jeremy Allaire have long been fixtures of the crypto scene, but have experienced dramatic ups and downs.
Veteran crypto watchers will recall seeing this movie in 2021 when Circle announced plans for an IPO by means of a SPAC, a once-trendy gimmick that involved "blank check" shell companies going ...
Circle Internet Financial, the company behind stablecoin USDC, said on Thursday that it had confidentially filed for a U.S. initial public offering as part of plans to become a publicly-traded ...
Circle (legally Circle Internet Financial Limited) is a peer-to-peer payments technology company that now manages stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013.
Circle, the company behind the second-most-popular stablecoin in the world, will soon sell shares on the public market after it filed confidential IPO paperwork with securities regulators on Thursday.
After a successful IPO in early 2012, [3] Allaire stepped down as CEO in 2013, and is now chairman. In October 2013, Allaire announced the launch of Circle, an Internet-based consumer finance company that aims to bring the power and benefits of digital money, such as Bitcoin, to mainstream consumers.
In July 2022, Circle reported that the circulation of USDC had reached $55 billion. [11] On March 11, 2023, USDC temporarily lost its peg to the US dollar after Circle revealed that $3.3 billion dollars, about 8% of its reserves, were jeopardized due to the collapse of Silicon Valley Bank the day before. [12]
DAVOS, Switzerland (Reuters) - Circle CEO Jeremy Allaire expects U.S. executive orders "imminently" from incoming President Donald Trump, which he said could allow banks to trade crypto, offer ...
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