Circle Internet Group, issuer of the stablecoin $USDC
On May 27, 2025, it officially filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker CRCL. This move has become an important signal of the growing recognition of stablecoins in the financial world. According to the latest data, on June 4, Circle raised the share price to $31 per share, attracting $1.05 billion, which values the company at $6.9 billion. USDC, the second-largest stablecoin after Tether, has a market capitalization of over $61 billion.
Circle's IPO reflects the increasing integration of the crypto industry with traditional finance. Stablecoins pegged to fiat currencies such as the US dollar provide stability and are widely used for cross-border payments and DeFi. Circle also plans to launch the CPN payment network, which will simplify global transactions through stablecoins. This could attract the attention of institutional investors seeking safe crypto instruments.
Support from financial giants such as JPMorgan and Goldman Sachs underscores confidence in Circle. However, investors must consider the risks associated with regulatory changes and dependence on partners like Coinbase. Circle's IPO could be a key step for the mass adoption of stablecoins. Stay tuned for updates on MiningUpdates!