The US -based finance technology company Circle draws attention as the name behind the fixed valuable crypto currency USDC. The company officially made a public offering application to be traded on the New York Stock Exchange. Circle, which aims to be traded with the “CRCL” symbol, wants to further strengthen its place in the global finance scene with this step. The regulatory approach to crypto currency technologies in the US paves the way for such initiatives.
Public offering plan and investment environment in the USA
Circle announced that it has submitted the official document required for the public offering to the Securities and the Stock Exchange Commission (SEC). The company had previously planned to open it to the stock exchange through a Spac in 2021, but this initiative was shelved due to the reservations of regulatory institutions. Now, the company, which prefers the public offering path directly, wants to increase the trust of investor with this move.
Circle’s public offering application corresponds to a period in which a relatively positive regulatory climate began to take shape for the crypto currency sector in the USA. Especially stable assets such as fixed coins are less risky in the face of regulations. This increases the charm for investors. The US administration is trying to make the framework for the crypto currency world clearer and this effort makes it easier for companies such as Circle.
Financial figures and market value expectations
According to the financial results of the company’s financial results, Circle increased its total income to $ 1.68 billion and has grown compared to the previous year. However, in the same period, there was a decrease in net income. Net profit, which was 268 million dollars in 2023, fell to 156 million dollars in 2024. Despite this decline, the company is expected to be traded with a market value of 4 to 5 billion dollars during the public offering process.
The USDC has a market value of approximately 60 billion dollars. This makes it one of the most widely used fixed crypto currencies in the world. Thanks to this high -volume product, Circle achieved a strong position in the sector. Compared to other fixed Coin projects, the adoption rate of the USDC is remarkable.
Circle plays not only with financial figures but also with operational moves. Moving its central administration from Boston to One World Trade Center in New York, the company aims to be closer to its traditional financial circles. This shows that the strategic goals of the firm appeal to a wider financial ecosystem, not only the crypto money market.
Similar moves in the sector at the door
While the regulatory environment in the US has been pushing crypto currency companies for a long time, it has recently become a more flexible and predictable structure. This causes many major players operating in the market to re -put plans on the table, such as the public offering. Following Circle’s application, it will not be surprising that similar news from other companies will come.
The fact that fixed coins start to play a bridge role between the state and the private sector provides a strategic advantage for companies that remove these assets. Circle wants to use this advantage for both financial and corporate growth. Market observers evaluate that this company’s move can be one of the steps that will lead the sector in the long run.
New developments in the crypto currency market can affect not only investors, but also regulatory institutions and traditional financial actors. For this reason, the steps taken by leading companies such as Circle are an important reference point in determining the general aspect of the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
