#CircleIPO

#CircleIPO: Crypto Meets Wall Street

Circle, the issuer of USDC stablecoin, officially went public on the NYSE under the ticker CRCL, pricing its IPO at $31—above expectations. The company raised $1.1 billion, valuing it at nearly $8 billion. This move reflects Wall Street’s growing confidence in crypto infrastructure, especially stablecoins. USDC, Circle’s flagship, is the second-largest stablecoin with over $61B in circulation. Reports say the IPO was oversubscribed 25x, showing massive institutional demand. Circle plans to use the funds to grow USDC adoption and expand its payment solutions globally. A major step forward for crypto in traditional finance. #CryptoNews