Circle Web Monetary (Circle), the issuer of stablecoin USDC, introduced Thursday that it has confidentially filed for an preliminary public providing in america.

The corporate has filed a draft registration assertion on Type S-1 with the Securities and Alternate Fee (SEC).

USDC is a cryptocurrency pegged to the US greenback. Circle manages the issuance and governance of cryptocurrencies. The corporate, which can be the issuer of EURC, mentioned it has not but decided the variety of shares it plans to supply and the worth vary for the proposed providing.

Nonetheless, the Boston-based firm expects the preliminary public providing to happen after the SEC overview course of is full, topic to market and different situations.