#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, successfully launched its initial public offering (IPO) on June 5, 2025, raising \$1.05 billion by selling 34 million shares at \$31 each. This IPO, one of the largest in 2025, values the company at approximately \$6.8 billion, or nearly \$8 billion on a fully diluted basis. The offering was significantly oversubscribed, indicating strong investor interest in crypto infrastructure. Major institutions like ARK Invest and BlackRock participated, with BlackRock planning to acquire about 10% of the IPO shares. Circle's USDC, the second-largest stablecoin with a market cap exceeding \$61 billion, is widely used for payments and decentralized finance (DeFi) applications. The IPO coincides with a favorable U.S. regulatory environment, including proposed legislation like the GENIUS Act, which aims to establish clear guidelines for stablecoin issuers.