Circle, the issuer of the $USDC stablecoin, has significantly increased its IPO target to $896 million, reflecting robust investor demand and strong institutional interest from firms like BlackRock and Ark Invest. The company will offer 32 million shares at $27–$28 each, aiming for a valuation as high as $7.2 billion. This move comes amid growing optimism in the stablecoin sector, favorable US regulatory developments, and surging use of USDC. Circle’s IPO, set to debut on the New York Stock Exchange under the ticker "CRCL," marks one of the largest crypto-related public offerings since Coinbase’s listing.

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