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.
The Securities and Exchange Commission (SEC) has made history by granting official approval for numerous spot Bitcoin ETFs, marking a pivotal moment for both the fund and cryptocurrency industries.