#CircleIPO The company raised $1.05 billion by selling 34 million shares at $31 each, achieving a valuation of approximately $8 billion . This IPO underscores Wall Street's growing confidence in digital assets, particularly stablecoins. USDC, pegged to the U.S. dollar, boasts a market capitalization exceeding $61 billion and has facilitated over $25 trillion in on-chain transactions . Circle plans to utilize the proceeds to expand USDC's usage and strengthen its position in the global payments market.