#CircleIPO Circle Internet Group Inc., the issuer of the USDC stablecoin, has successfully launched its initial public offering (IPO) on the New York Stock Exchange under the ticker symbol CRCL. The company raised approximately $1.1 billion by selling 34 million shares at $31 each, exceeding initial expectations. This pricing values Circle at around $8 billion, underscoring strong investor interest in the stablecoin sector.

USDC, Circle's flagship product, is the second-largest stablecoin by market capitalization, with over $61 billion in circulation as of March 31, 2025. Since its inception, USDC has facilitated more than $25 trillion in on-chain transactions.

The IPO proceeds are expected to support Circle's expansion efforts, particularly in enhancing USDC's global adoption and strengthening its position in the digital payments ecosystem. The company's strong financial performance, including first-quarter 2025 earnings of $64.8 million on revenue of $578.6 million, reflects its growth trajectory.

Circle's public debut marks a significant milestone for the cryptocurrency industry, signaling increasing mainstream acceptance of digital assets and stablecoins.