Circle Internet Group, the company behind the USDC stablecoin, said it will offer shares at $24 to $26 each in an initial public offering that would raise as much as $624 million for the company and its backers.

Circle, the issuer behind USDC, the world’s seventh-largest cryptocurrency, is navigating a pivotal moment as it pushes ahead with plans for an IPO, even as acquisition rumors swirl around potential suitors like Coinbase and Ripple.

Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion on a fully diluted basis in its U.S. initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency.