Circle, a prominent financial technology company, acquired Hashnote, the issuer of the USYC stablecoin, for approximately $100 million in January 2025. The acquisition was primarily paid through the issuance of new shares, as revealed in Circle's IPO filings. The deal value was reported as $109.7 million by some sources. Circle's IPO S-1 filing indicated a pricing range of $24 to $26 per share as of early June 2025. The listing is supported by major financial institutions Goldman Sachs and JPMorgan. Circle's early investors include Breyer Capital, Accel Partners, and General Catalyst Partners, with Breyer Capital maintaining continuous investment since the company's Series A funding round in October 2013 and subsequent rounds.