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Stablecoin issuer Circle Internet Financial is considering going public, although no final decision has been made yet. USDC issuer Circle Internet Financial Ltd. is weighing an IPO in 2024, three years after the firm announced its plans to go public via a special purpose acquisition company (SPAC) deal with Concord Acquisition Corp. According to Bloomberg, the Boston-headquartered firm is now in talks with advisers. No final decision has been made so far, as discussions are still ongoing. While Circle neither confirmed nor denied the report, its spokesperson told Bloomberg that “becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations.” Circle’s IPO plans Initially, Circle planned to become a publicly listed company in July 2021. However, in 2022, the USDC issuer announced a new deal with Concord Acquisition Corp., bringing its value to $9 billion. Nonetheless, its much-talked-about and highly publicized SPAC deal failed to...

Circle has filed a note of protest as part of the U.S. Securities and Exchange Commission’s (SEC) litigation against Binance, a crypto exchange. The firm asked the court to exclude stablecoin s from the lawsuit because they cannot be considered to be securities. The appeal states that these tokens do not have the characteristics of investment contracts. “Decades of case law support the view that an asset sale — decoupled from any post-sale promises or obligations by the seller — is not sufficient to establish an investment contract.” Circle’s filing You might also like: Coinbase increases USDC interest rate after SEC confirms stance on stablecoins In February, Circle CEO Jeremy Allaire stated that stablecoin s should be regulated by the banking regulator, not the SEC. He made this statement in response to the SEC’s lawsuit  against Paxos for its involvement in the release of BUSD, which the Commission classified as a security.  In J...

USDC issuer Circle recently submitted a filing advocating for stablecoin s. The firm contended that this particular asset niche should not be categorized as ‘ sec urities.’ Circle ’s filing marks the firm’s intervention in the SEC’s lawsuit against the world’s largest exchange, Binance. To be more specific, the filing falls under the ‘amicus curiae’ or friend of the court category. The filing was made in part by Circle ’s Chief Legal Officer, Heath Tarbert. Interestingly, he has served as the Chair of the CFTC in the past. Also Read: Chainlink’s 33% Recovery May Trigger Positive Q4 2023 Stablecoins Don’t Have ‘Investment Contract’ Features: Circle In Q2 2022, the SEC filed a lawsuit against Binance and its executive, Changpeng Zhao, for securities law violations. The regulator accused the exchange of mishandling customer funds. Additionally, it also blamed the exchange for allegedly lying to both regulato...

Amid the regulatory chaos in the U.S., several companies from the crypto industry have already started looking into Asia to expand their reigns. Several regions including the UAE, Singapore, Hong Kong, are among the top contenders at the moment. Japan, another Asian country, is now being considered as another alternative. In a recent interview with CoinDesk Japan, Circle Co-Founder and CEO, Jeremy Allaire, asserted that the demand for digital dollars in “many markets,” especially in emerging ones like Southeast Asia, is on the rise. Businesses seek stability in the dollar, as well as the convenience of making online transactions easier, he noted. Allaire went on to reveal that his company is looking to issue a stablecoin in Japan. After underlining that USDC is used in over 190 countries, he stressed that Circle intends to “grow in large markets” around the world. With respect to Japan, he added, “Japan has a long history of cross-border trade...