Stablecoin network Circle Internet Group has officially filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its Class A common stock.

Circle Internet Group Inc. filed publicly for a long-awaited initial public offering, with the stablecoin provider showing steadily increasing revenue.The company, led by Jeremy Allaire, reported net income of $156 million on revenue of $1.

USD Coin issuer Circle Internet Group is trying for a second time to get listed on the New York Stock Exchange after disclosing significant revenue growth.