Circle, the company behind the USDC stablecoin, has filed for a U.S. initial public offering, becoming the the latest tech firm that is aiming to test the market as tariff uncertainty and worries about the economy’s health weigh on investors.

JPMorgan Chase and Citi are reportedly serving as lead underwriters, and the company is seeking a valuation between $4 billion and $5 billion, Fortune reported.

Circle Internet Financial, the fintech company behind stablecoin USDC (USDC-USD), is reportedly working with investments banks JPMorgan Chase (JPM) and Citigroup (C) on its long-awaited initial public

I have always thought of stablecoins as basically unregulated non-interest-paying crypto banks. The idea of a stablecoin is that there is a company, the stablecoin issuer, and you send the company dollars,

Circle Internet Group has filed for an initial public offering with the Securities and Exchange Commission. The stablecoin company didn't say Tuesday how many shares it would list or give an anticipated price range.

Circle Internet Group, the issuer of USDC (USDC-USD) stablecoin, filed an S-1 registration statement with the SEC for a long-awaited initial public offering, it said on Tuesday.