#CircleIPO Circle Internet Group, the issuer of USDC stablecoin, successfully launched its IPO on the New York Stock Exchange under the ticker CRCL. The company raised $1.1 billion, pricing shares at $31 each, surpassing initial expectations. This move values Circle at $6.9 billion, with a fully diluted valuation of $8.1 billion.

Investor demand was overwhelming, with the offering 25 times oversubscribed. Major players like BlackRock and ARK Invest signaled strong interest, with BlackRock reportedly acquiring 10% of the IPO shares.

Circle’s IPO marks a significant milestone for stablecoins, reinforcing their legitimacy in traditional finance. With regulatory clarity improving, this listing could pave the way for broader adoption and institutional involvement in digital assets.