Circle, the company behind the USDC stablecoin, has filed for an initial public offering with the U.S. Securities and Exchange Commission. The S1 lays the groundwork for Circle's long-anticipated entry into the public markets.

Circle Internet Group, the issuer of USDC (USDC-USD) stablecoin, filed an S-1 registration statement with the SEC for a long-awaited initial public offering, it said on Tuesday.

Circle files IPO prospectus with SEC to list on NYSE under CRCL, as stablecoin laws gain traction in Washington.