CIRCLE SAID TO BE TRADING AROUND $5B VALUATION AHEAD OF PLANNED IPO

Summary from the TLDR Crypto newsletter

Circle, issuer of the USDC stablecoin, is trading at a $5 billion valuation in the secondary market before its upcoming IPO. It previously attempted to go public via SPAC in 2022 at a $9 billion valuation, but the deal fell through due to a lack of SEC approval. The exact date of the IPO remains unknown.