💨 Abstract

Circle, the stablecoin issuer USDC, filed for an IPO on Tuesday, aiming to raise $750 million according to Renaissance Capital. Circle earned $1.68 billion in 2024 revenue and reserve income, up from $1.45 billion in 2023, but net income dropped from $268 million to $156 million.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖