On April 2nd, according to The Block, in the initial public offering (IPO) prospectus submitted on Tuesday, Circle stated that it acquired the remaining 50% stake in Centre Consortium, previously held by Coinbase, with $210 million worth of stock in 2023. Centre Consortium is the joint venture responsible for issuing the USDC stablecoin, with Coinbase and Circle previously being partners in this venture.

Circle wrote in the IPO prospectus under the "Significant Transactions" section: "In August 2023, concurrent with our partnership agreement, we acquired the remaining 50% stake in Centre Consortium LLC from Coinbase." Now, Circle has become the sole issuer of USDC and has disclosed detailed financial statements in the IPO prospectus.