Circle Guns for Wall Street Glory: USDC Creator Files for IPO Under ‘CRCL’ with Banking Heavyweights in Tow
Stablecoin giant Circle isn’t just playing in crypto’s sandbox anymore—it’s building a skyscraper on Wall Street. The company behind USDC just dropped its S-1, with Goldman Sachs and JPMorgan riding shotgun. Guess even blockchain purists need old-money validation sometimes.
CRCL on the ticker, irony on the menu. Nothing says decentralization like a traditional IPO backed by the same banks that still charge $35 overdraft fees. But hey, when your stablecoin’s market cap flirts with $30B, you get to write your own rules—or at least pay someone to write them for you.
Watch for the ‘blockchain-meets-banker’ roadshow. This could be the listing that finally makes crypto feel… respectable. Or proves that in finance, everything eventually becomes a Goldman Sachs product.
Circle’s IPO move gets Wall Street backing
Major US financial institutions like JPMorgan Chase, Goldman Sachs, and Citigroup are backing Circle’s IPO offering. These firms are leading the process as joint active bookrunners.
They are joined by other leading banks, including Barclays, Deutsche Bank Securities, and Société Générale, who will act as bookrunners.
Additional support comes from BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co., and Santander, which are listed as co-managers.
Other firms included in the deal are AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, and Roberts & Ryan. These firms will serve as junior co-managers.
What does this mean for the market?
This IPO filing signals Circle’s growing ambitions in traditional finance.
The move WOULD give investors a new channel for exposure to the expanding stablecoin market, and Circle’s success could set a precedent for other crypto-native firms eyeing public listings.
Notably, Circle’s MOVE arrives amid renewed institutional interest in digital assets. Recently, reports suggested that top US banks, including JPMorgan, are collaborating on a stablecoin project.
It also follows recent speculation linking Ripple and Coinbase to a potential acquisition of Circle. However, the stablecoin issuer has denied these reports.
