Circle Internet Financial, known for issuing the stablecoin USDC, successfully launched its initial public offering (IPO) in the United States, raising $1.05 billion through the sale of 34 million shares at a price of $31 per share.

Key details of the IPO:

Stock symbol: CRCL

Listing venue: New York Stock Exchange (NYSE)

Listing date: June 5, 2025

Company valuation: Approximately $6.8 billion, potentially reaching $8 billion when accounting for additional securities.

Importance of the IPO:

This IPO represents one of the largest public offerings in 2025 and reflects growing investor interest in companies associated with digital currencies, especially those focused on stablecoin infrastructure like USDC.

Background on Circle:

Founded: 2013

Main products: USDC (a stablecoin pegged to the US dollar) and EURC (a stablecoin pegged to the euro)

Key partners: Coinbase, BlackRock, Fidelity

Financial performance: The company's earnings in the first quarter of 2025 were approximately $64.8 million from revenues of $578.6 million.

Future outlook:

With positive regulatory changes in the United States, including support from President Donald Trump and proposed regulations like the GENIUS Act, Circle expects to expand its services to include areas such as payment services, which could enhance its market position.