#CircleIPO **Circle** Company, the issuer of the stablecoin **USDC**, has launched its shares for public subscription on the **New York Stock Exchange** under the symbol **CRCL**, raising **1.05 billion dollars** after selling **34 million shares** at a price of **31 dollars** per share. The company's valuation reached **6.9 billion dollars** according to the listed shares, and **8.1 billion dollars** on a fully diluted basis.

The offering witnessed strong interest from investors, with demand exceeding supply by **25 times**, reflecting the growing confidence in companies associated with digital currencies. **Circle** plans to use the proceeds for **product development** and expansion into new markets, without distributing dividends to shareholders.

This offering represents a significant step towards integrating stablecoins into traditional financial markets, especially with major institutions expressing interest in acquiring a substantial stake in the offering.