Stablecoin Giant Circle reveals increased revenues from US IPO submissions
Ripple CEO Brad Garlinghouse is about the future of Crypto Fuirm after the SEC investigates, adoption of blockchain technology and hopeful adoption of government regulations.
Circle Internet Internet Group revealed a jump of nearly 16% of revenue after the market closed on Tuesday.
The company reported revenue and reserves of $1.68 billion last year compared to $1.45 billion in 2023. Net income from continuing operations was nearly $157 million in 2024, with $271.5 million the previous year.
A circle logo placed on a smartphone in New York, USA on Wednesday, February 12th, 2025. InternetIncuralLtd.’s USDC Stablecoin has regained all the market value lost after the collapse of crypto prices after the FTX failure. (Gabby Jones via Getty Images/Gabby Jones/Bloomberg)
IPO Market Investors are now in a sensitive spot as they appear to balance demand for new listings with the risks posed by economic uncertainties such as tariffs.
However, the US, along with Paul Atkins, accepted cryptocurrency. President Donald Trump He pledges to lead the Securities and Exchange Commission and take a more “rational” approach to crypto regulations.
“In many ways, the circle has been under intense public scrutiny for a long time,” co-founder and CEO Jeremy Allerle wrote in the letter. “Being a publicly available company is a continuation of our desire to fulfill the greatest transparency and accountability possible.”
USDC is the second largest Stablecoin after the tether and the seventh largest Crypto token Overall, according to market tracker Coingecko.
The duo mainly dominates the market, but competition is growing. PayPal And Ripple has its own stubcoin, with Trump’s World Liberty Financial being committed to launching one as well.
The circle had previously been trying to make public through a $9 billion merger with a special purpose acquisition company, but the deal ended in late 2022. It was submitted secretly to the IPO last year.
The circle logo was placed in New York, USA on Wednesday, February 12th, 2025. USDC Stablecoin from InternetInternalFinancial Ltd. has regained all the market value it lost after the collapse of crypto prices after the FTX failure. Photographer: GA (Gabby Jones via Getty Images/Gabby Jones/Bloomberg)
Trump promises to advance “crypto-strategic reserves” and boost industry
Stablecoins are digital tokens designed to maintain a constant value. They are supported by traditional low-risk assets such as the US dollar, the euro and Treasury bonds.
JP Morgan and Citigroup are the leading underwriters of Circle’s IPOs. The company plans to trade under the ticker “CRCL.”