KEY TAKEAWAYS Circle, the company behind the USDC stablecoin, has filed for a U.S. initial public offering, becoming the latest tech firm that is aiming to test the market as tariff uncertainty and worries about the economy’s health weigh on the stockmarket.

JPMorgan Chase and Citi are reportedly serving as lead underwriters, and the company is seeking a valuation between $4 billion and $5 billion, Fortune reported.

Circle files for NYSE IPO valued at $4-5 billion as USDC market cap hits $60 billion amid growing stablecoin adoption and crypto-friendly regulations.

Circle Internet Group has filed for an initial public offering with the Securities and Exchange Commission. The stablecoin company didn't say Tuesday how many shares it would list or give an anticipated price range.

The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.

Circle Internet Group, the issuer of USDC (USDC-USD) stablecoin, filed an S-1 registration statement with the SEC for a long-awaited initial public offering, it said on Tuesday.