#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, successfully completed its initial public offering (IPO) on June 5, 2025. The company raised $1.05 billion by selling 34 million shares at $31 each, achieving a valuation of approximately $8 billion.

The IPO was significantly oversubscribed, reflecting strong investor interest in cryptocurrency-related firms entering traditional financial markets. Circle's shares are now trading on the New York Stock Exchange under the ticker symbol "CRCL."

Founded in 2013, Circle is the second-largest stablecoin issuer after Tether, with USDC holding a market cap exceeding $61 billion. The company also issues the euro-pegged EURC stablecoin. Circle's revenue has grown significantly, reporting $1.7 billion in revenue and reserve income in 2024, compared to just $15.4 million in 2020.

The IPO comes amid a shift in U.S. crypto regulatory outlook under President Donald Trump, promising a friendlier environment for crypto firms. Analysts project Circle could grow its stablecoin market share from 28% to 40%, especially with support from pro-crypto U.S. regulators and political figures. 👍