Circle files IPO amid declining profits and stiffening competition — will this shake Tether’s stablecoin dominance?

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

As Circle files for its IPO, what implications will this have for the broader stablecoin market? Can it challenge Tether’s $160B dominance?

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Circle, the company behind the USDC stablecoin, has officially filed to go public. On Apr. 1, it submitted its registration documents to the U.S. Securities and Exchange Commission, marking a notable step for the entire stablecoin industry. The company intends to list on the New York Stock Exchange under the ticker symbol “CRCL.” However, key details such as the number of shares and the expected pricing range have not yet been disclosed. More recent estimates place the company’s valuation closer to the $4 to $5 billion range.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Circle’s decision to go public has sparked widespread discussion about transparency, regulatory alignment, and shifting expectations around stablecoin governance and structure. Crypto.news reached out to various experts to explore how this move might impact institutional adoption and stablecoin market dynamics moving forward.