Bloomberg reported, citing sources familiar with the matter, that the issuer of the stablecoin USDC, Circle, is considering going public in 2024. The report indicated that Circle is currently in discussions with advisers to prepare for a potential initial public offering (IPO). When asked about this, a Circle spokesperson stated in a release:
Although it is currently unclear how much valuation Circle will seek in the IPO, its valuation was $9 billion when it attempted a blank-check trading listing in 2022.