Circle plans April IPO filing with $5B valuation target

Circle, the company behind USDC, is preparing to go public with help from JPMorgan and Citibank, according to Fortune Crypto. The IPO filing is expected by late April, targeting a valuation between $4 billion and $5 billion. This marks Circle’s second attempt at listing after a failed SPAC deal in 2021. The move comes as market conditions for IPOs improve and U.S. lawmakers push forward with stablecoin regulation.