#CircleIPO **Circle IPO & USDC Explained (100 Words)**

Circle, the issuer of **USDC** (a **stablecoin** pegged 1:1 to the U.S. dollar), launched its **IPO** on June 5, 2025, pricing shares at **$31** (above the expected range) and raising **$1.05 billion** at a **$6.8 billion valuation** . USDC is the **second-largest stablecoin** globally, backed by cash and Treasuries, and used for fast, low-cost transactions . Circle’s IPO reflects growing institutional interest in crypto, fueled by regulatory progress and demand for compliant stablecoins . The stock trades on the NYSE as **CRCL**, with backers like ARK Invest and BlackRock .

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- **USDC**: $60B+ market cap, regulated, transparent reserves .

- **IPO**: Upsized due to demand; funds to expand USDC adoption .

- **Context**: Part of a crypto market rebound and stablecoin regulatory momentum .$BNB