According to Fortune, USDC issuer Circle is advancing its initial public offering (IPO) plan and has hired JPMorgan Chase and Citigroup as underwriters. It is expected to submit its IPO documents by the end of April, with a target valuation of $4 billion to $5 billion. Circle attempted to go public through SPAC in 2021, but was ultimately shelved due to lack of regulatory approval. The current market environment and the advancement of stablecoin legislation are considered favorable factors. Circle earned $226 million in revenue from USDC in the fourth quarter of last year, and the current market value of USDC is approximately $60 billion. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40260