Circle Internet Group, the firm behind stablecoin USDC, has filed for an initial public offering on the New York Stock Exchange, the firm said on Tuesday. Circle is offering 24 million of its class A shares,

Circle, the issuer of the popular USDC stablecoin, has launched its initial public offering, looking to raise about $624 million at a $5.65 billion valuation.

You may have heard more talk of stablecoins recently, as they’ve also been a topic of Senate debate. Here’s everything you need to know. The issuer of USDC, a popular stablecoin that’s pegged to the U.