USDC的製造商Circle Internet Financial正在恢復其IPO野心，據報導正準備在4月下旬提交

Circle Internet Financial是USDC/USD StableCoin背後的公司，正在恢復其公開上市的野心，據報導，正準備在4月下旬之前提出首次公開募股。

Circle Internet Financial, the company behind the USDC/USD stablecoin, is preparing to file for its initial public offering by late April, reports Fortune. The crypto-focused fintech is working with JPMorgan Chase JPM and Citi as advisors.

據《財富》報導，Circle Internet Financial是USDC/USD Stablecoin背後的公司，他正準備在4月下旬之前向其首次公開募股提交。以加密貨幣為中心的金融科技公司正在與摩根大通JPM和花旗作為顧問合作。

What Happened: Circle is making a second attempt at a public listing. Its earlier effort in 2021 via a SPAC deal was abandoned due to regulatory delays and broader market turmoil following the collapse of crypto exchange FTX.

發生的事情是：Circle是在公共上市進行的第二次嘗試。由於監管延遲和加密交易所FTX崩潰後，由於監管延誤和更廣泛的市場動盪而放棄了2021年通過SPAC交易的早期努力。

In January, Circle confidentially filed with the SEC for a traditional IPO. The upcoming public filing will provide the first official look at Circle’s financials.

一月份，Circle向SEC秘密提交了傳統的IPO。即將到來的公開申請將對Circle的財務進行首次官方審查。

Founded in 2013 by Jeremy Allaire and Sean Neville, Circle started as a broader crypto services firm but has since pivoted into a stablecoin-focused financial platform.

Circle由Jeremy Allaire和Sean Neville於2013年成立，最初是一家更廣泛的加密服務公司，但此後一直樞密地進入以Stablecoin為重點的金融平台。

Its USDC stablecoin, once operated through a consortium called Centre with Coinbase COIN as its sole remaining partner, has seen a dramatic recovery since early 2023.

它的USDC Stablecoin曾經通過Coinbase Coin作為其唯一的合作夥伴通過一個名為Center的財團運營，自2023年初以來就恢復了巨大的恢復。

Following a brief de-pegging during the Silicon Valley Bank crisis—where $3.3 billion in reserves were temporarily locked—USDC has since recovered to a $60 billion market cap.

在矽谷銀行危機期間進行了短暫的訴訟（暫時鎖定了33億美元的儲備）之後，USDC自此恢復至600億美元的市值。

However, a large portion of Circle’s revenue is generated from interest income. As of 1H23, 99% of the company’s revenue was reported to be from interest earned on U.S. Treasuries and other assets.

但是，Circle收入的很大一部分是由於利息收入而產生的。截至1H23年，據報導，該公司收入的99％來自美國國債和其他資產的利息。

Circle is reportedly seeking a valuation of $4 billion to $5 billion for its IPO, a significant reduction from the $9 billion valuation it obtained during its SPAC attempt.

據報導，Circle正在尋求40億美元至50億美元的IPO估值，這顯著降低了其在SPAC嘗試期間獲得的90億美元估值。

The Impact: Circle’s public debut would be the biggest crypto IPO since Coinbase’s direct listing in 2021.

影響力：Circle的公開首次亮相將是自Coinbase在2021年直接上市以來最大的加密IPO。

Like Coinbase, Circle’s IPO comes amid a broader recovery in the market for new listings. IPO activity in 2024 has surged by 70% compared to the same period last year.

像Coinbase一樣，Circle的IPO在新列表的市場上更廣泛的恢復中進行。與去年同期相比，2024年的IPO活動激增了70％。

With several key crypto bills being pushed forward in Washington—including H.R. 1230 to create a new regulatory framework for stablecoins—and President Trump signaling a pro-crypto stance, the timing for Circle’s IPO appears ideal.

華盛頓推動了一些關鍵的加密法案（包括HR 1230來為Stablecoins創建新的監管框架），而特朗普總統則表明了Pro-Crypto的立場，Circle IPO的時機似乎是理想的。

Despite its strong presence in the stablecoin domain, Circle faces increasing competition from both crypto-native firms and traditional finance players.

儘管在Stablecoin域中擁有強大的存在，但Circle仍面臨著來自加密本地公司和傳統金融參與者的競爭。

Earlier this year, PayPal PYPL announced plans to launch its own stablecoin, joining the likes of Ripple XRP/USD and FTX in expanding the offerings in the rapidly growing market.

今年早些時候，PayPal PYPL宣布了計劃推出自己的Stablecoin的計劃，並加入了Ripple XRP/USD和FTX之類的產品，以擴大快速增長的市場的產品。