Including Circle's CEO, shareholders plan to sell 8 million shares

BlockBeats News, August 13th, according to Bloomberg, the issuer of the stablecoin USDC, Circle Internet Group, and its shareholders plan to sell a total of 10 million shares of stock.

According to a filing with the U.S. Securities and Exchange Commission, Circle will sell 2 million shares, with shareholders including co-founder and CEO Jeremy Allaire selling 8 million shares. Based on Tuesday's closing price of $163.21, the total amount raised in this stock offering is approximately $1.63 billion.