In its initial public offering (IPO) prospectus filed on Tuesday, Circle said it would acquire the remaining 50% stake in Centre Consortium in 2023 for $210 million worth of shares, which was previously held by Coinbase, the Internet reported. The Centre Consortium is a joint venture responsible for issuing USDC stablecoins, of which Coinbase and Circle were former partners. Circle wrote in the "Major Transactions" section of its IPO prospectus: "In August 2023, while we signed the cooperation agreement, we acquired the remaining 50% stake in Centre Consortium LLC from Coinbase." Today, Circle has become the sole issuer of USDC and disclosed detailed financial statements in its IPO prospectus.