BlockBeats News, March 31st, according to Fortune report, USDC issuer Circle is moving forward with its initial public offering (IPO) plan, having engaged JPMorgan and Citigroup as underwriters. It is expected to submit its public filing by the end of April, targeting a valuation of $4 billion to $5 billion. Circle had previously attempted to go public via a SPAC in 2021 but ultimately shelved the plan due to regulatory issues. The current market environment and progress in stablecoin regulation are seen as favorable factors. In the fourth quarter of last year, Circle derived $226 million in revenue from USDC, with USDC's current market cap at around $60 billion.
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