Circle Initiates Confidential Filing for IPO
Circle, boasting a remarkable USDC stablecoin with a market cap exceeding $25 billion, announced its discreet submission of a draft registration statement (S-1 form) to the U.S. Securities and Exchange Commission (SEC). This confidential filing is a strategic move often adopted by companies navigating the IPO process, allowing them the leeway to finalize their plans away from public scrutiny.