PANews reported on April 2 that, according to The Block, Circle Internet Financial, the issuer of the US stablecoin USDC, submitted an initial public offering (IPO) prospectus to the US Securities and Exchange Commission (SEC) on Tuesday. The document shows that the company had secretly submitted a draft S-1 registration statement to the SEC the day before - a standard process for companies planning to go public. The prospectus did not disclose the specific number of shares to be issued or the target price range.

Circle CEO Jeremy Allaire stated in the prospectus: "Listing on the New York Stock Exchange is a natural extension of Circle's pursuit of the highest transparency and accountability." This filing comes just before the US House Financial Services Committee plans to review a stablecoin regulation bill, with the Senate version of the "GENIUS Act" already approved in March. Last week, World Liberty Financial, supported by former President Trump, also announced plans to launch a stablecoin.