USDC的制造商Circle Internet Financial正在恢复其IPO野心，据报道正准备在4月下旬提交

Circle Internet Financial是USDC/USD StableCoin背后的公司，正在恢复其公开上市的野心，据报道，正准备在4月下旬之前提出首次公开募股。

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.

据《财富》报道，Circle Internet Financial是USDC/USD Stablecoin背后的公司，他正准备在4月下旬之前向其首次公开募股提交。以加密货币为中心的金融科技公司正在与摩根大通JPM和花旗作为顾问合作。

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.

发生的事情是：Circle是在公共上市进行的第二次尝试。由于监管延迟和加密交易所FTX崩溃后，由于监管延误和更广泛的市场动荡而放弃了2021年通过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秘密提交了传统的IPO。即将到来的公开申请将对Circle的财务进行首次官方审查。

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于2013年成立，最初是一家更广泛的加密服务公司，但此后一直枢密地进入以Stablecoin为重点的金融平台。

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曾经通过Coinbase Coin作为其唯一的合作伙伴通过一个名为Center的财团运营，自2023年初以来就恢复了巨大的恢复。

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.

在硅谷银行危机期间进行了短暂的诉讼（暂时锁定了33亿美元的储备）之后，USDC自此恢复至600亿美元的市值。

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于利息收入而产生的。截至1H23年，据报道，该公司收入的99％来自美国国债和其他资产的利息。

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.

据报道，Circle正在寻求40亿美元至50亿美元的IPO估值，这显着降低了其在SPAC尝试期间获得的90亿美元估值。

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

影响力：Circle的公开首次亮相将是自Coinbase在2021年直接上市以来最大的加密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一样，Circle的IPO在新列表的市场上更广泛的恢复中进行。与去年同期相比，2024年的IPO活动激增了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.

华盛顿推动了一些关键的加密法案（包括HR 1230来为Stablecoins创建新的监管框架），而特朗普总统则表明了Pro-Crypto的立场，Circle IPO的时机似乎是理想的。

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

尽管在Stablecoin域中拥有强大的存在，但Circle仍面临着来自加密本地公司和传统金融参与者的竞争。

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.

今年早些时候，PayPal PYPL宣布了计划推出自己的Stablecoin的计划，并加入了Ripple XRP/USD和FTX之类的产品，以扩大快速增长的市场的产品。