The years-long fight to approve stablecoin legislation in the U.S. crossed a monumental milestone as the STABLE Act passed the House Financial Services Committee Wednesday by a vote of 32-17.

USDC stablecoin issuer Circle has filed to go public in late April on the New York Stock Exchange under the ticker “CRCL.” Crypto stablecoin issuer Circle Internet Group has filed with the US Securities and Exchange Commission to go public on the New York Stock Exchange.

Stablecoin firm Circle sent an IPO S-1 document to Binance to promote USDC on its platform and hold a certain amount of USDC in fiscal reserves.

The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.