TechFlow, August 13 — According to Bloomberg, Circle Internet Group, the issuer of the stablecoin USDC, and its shareholders plan to collectively sell 10 million shares. Regulatory filings with the U.S. Securities and Exchange Commission show that Circle will sell 2 million shares, while shareholders including co-founder and CEO Jeremy Allaire will sell 8 million shares. Based on Tuesday's closing price of $163.21 per share, the total proceeds from the share sale are expected to amount to approximately $1.63 billion.
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