It's official: the provider of the USD Coin (USDC) wants to go public. The company has already filed an application with the U.S. Securities and Exchange Commission.

Circle Internet Financial has confirmed its intention to go public in the US. This is according to a statement of the company. According to the statement, the company has already filed a "confidential" application with the U.S. Securities and Exchange Commission.

The "number of shares offered and the price" have not been determined at this time, the statement said.

The SEC has already had its hands full in recent days with the approve of 11 different Bitcoin spot ETF applications just yesterday.

Circle had already considered an IPO in 2022. However, the planned SPAC deal was canceled shortly thereafter for unknown reasons. In November 2023, new rumors surfaced about Circle's possible plans.

With USDC, a cryptocurrency linked to the value of the U.S. dollar, Circle offers one of the most popular stablecoins on the market. USDC's market capitalization is $25 billion.

The operator's portfolio also includes a euro stablecoin.

The IPO must take place after "reviews by the SEC" and will depend, among other things, on the given "market conditions."

SEC Chairman Gary Gensler gave a statement yesterday in a statement however, indicated that other crypto products on U.S. exchanges will not receive further approval.

According to Gensler, the decision on the Bitcoin ETF "in no way signals that the Commission will accept additional listing standards for crypto securities."