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Stablecoin issuer Circle Internet Financial has filed confidential paperwork for an initial public offering, which would come as the cryptocurrency market has reignited.
Circle, which issues the stablecoin USDC
USDCUSD,
that’s pegged to the U.S. dollar, announced Thursday that it filed a draft registration statement with the Securities and Exchange Commission, an announcement that comes on the same day that spot bitcoin ETFs were allowed to begin trading.
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