Coinbase News: Circle Files for NYSE IPO, Eyes Biggest Crypto Stock Launch of 2025

Circle, the issuer of the widely-used USDC stablecoin, has announced its intention to go public on the New York Stock Exchange (NYSE) with the ticker symbol ’CRCL’. The move signals the company’s confidence in the improving regulatory landscape for cryptocurrencies and its ambition to play a pivotal role in shaping the future of digital finance.

Circle IPO Could Be The Biggest Crypto Stock Launch of 2025

Circle, the company behind the USDC stablecoin, has filed for an IPO on the NYSE under the ticker “CRCL.” This underscores their bet on improving regulations and their drive to shape digital finance. In 2024, Circle reported $1.67 billion in revenue, up 16%, largely fueled by interest from USDC reserves. However, rising costs led to a 41.8% decline in net income to $155.6 million. Notably, $908 million was paid to Coinbase to secure USDC’s market position.

PENDLE to $22? Bullish Predictions Emerge amid Massive DeFi Yields

While the broader crypto market faced a red day on April 2, 2025, PENDLE gained 2% in the past 24 hours, currently trading around $2.94. This price surge follows its recent listing on Coinbase and increasing whale accumulation. Notably, the DeFi space is currently experiencing one of the lowest stablecoin interest rate environments in history, with the average annual percentage rate (APR) for stablecoin deposits at just 5.8%. This creates an opportunity for new protocols offering high-yield returns.