Stablecoin issuer Circle is reportedly planning to go for an initial public offering (IPO) in early 2024, joining the likes of Coinbase (COIN) among core crypto companies that went public. Currently, discussions are said to be ongoing in preparation of a potential IPO.
Also Read: US Federal Reserve Vice Chairman Calls for Private Stablecoin Regulation
Circle IPO: Before Bitcoin Halving?
While the announcement is yet to be made officially by the company, Bloomberg reported that the company was internally discussing the same currently, indicating a lack of certainty about the timeline. “The company is talking to advisers as it prepares for a potential initial public offering,” Bloomberg quoting people familiar with the matter.
Stablecoin Regulation In US
This comes amid much debate on the need for stablecoin regulation in the US lawmakers, as several lawmakers push for a streamlined process to govern the usage of dollar backed stablecoins.
Also Read: Dubai Sets November 17 Deadline for Crypto Licensing Compliance
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