Circle Plans USDC IPO as Trump Pushes for New Pro-Stablecoin Legislation AllinCrypto April 2, 2025
Stablecoin leaders Circle plans to go public with an IPO (initial public offering) as stablecoins become popular with the US government and businesses.
Circle filed for an IPO this week, gearing up to launch Circle stock shares on the New York Stock Exchange with help from banks JPMorgan and Citi.
The filing comes as Circle’s revenue growth is revealed to be $1.68 billion, up from a year before. Circle’s IPO would come after they previously submitted a filing two years ago.
Stablecoin leader Circle plans IPO as US pushes for pro-stablecoin bills
Circle the creators of the USDC stablecoin plan to go public with an IPO on the NYSE within 2025, with help from banks JPMorgan and Citi.
The news comes as the total stablecoin market capitalization reaches $237 billion with forecasts predicting a $300B valuation by 2026.
President Trump’s pro-crypto government has called for new regulations to help spur crypto innovation as the Crypto Task Force aims to de-regulate the industry.
Stablecoins have become a key talking point within the government after Trump promised to not use CBDCs (Central Bank Digital Currencies) and instead, focus on cryptocurrencies and stablecoins as digital dollars.
With CBDCs out of the equation, there is a clear path for crypto stablecoins to fill gaps in international trade where payments are slow and costly.
USD-backed stablecoins supported by blockchain technologies will allow banks and businesses to trade and make cross-border payments within seconds, a reality that Ripple aims to fill with XRP/RLUSD along with other leading blockchains such as Hashgraph with HashSphere and Stellar Lumens XLM.
President Trump pushes for GENIUS Act and STABLE Act to go into effect by August 2025
Reports suggest that President Trump aims to sign two new supportive stablecoin bills before August 2025 to speed up crypto adoption in the US.
The new bills will be the House STABLE Act and the Senate GENIUS Act. The STABLE Act will ensure that token issuers maintain transparency and follow regulatory compliance laws.
Stablecoin issuers must provide proof of 1:1 currency backing with mandated regular audits of their reserves.
The GENIUS (Giving Essential Non-Bank Institutions Uniform Standards) Act will enable clear regulations to be set and understood by non-banking institutions such as cryptocurrency firms.
As a result, consumers will gain more protection when dealing with cryptocurrency services and new compliance rules will be set in stone.
The new acts will allow financial institutions the go-ahead to adopt cryptocurrencies without fear of breaching US laws, something that banks and businesses have been requesting for years as a path for crypto adoption.
With Circle’s IPO coming soon, stablecoin adoption could be an essential avenue for constituted cryptocurrency adoption in web2 and the traditional financial system.
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