#CircleIPO #CircleIPO

Circle Internet Group, the issuer of the USDC stablecoin, launched its Initial Public Offering (IPO) on the New York Stock Exchange under the ticker CRCL at a price of $31 per share, exceeding expectations. The company raised approximately $1.1 billion with a market valuation of around $6.8 billion. Founded in 2013, Circle manages USDC, the second-largest stablecoin with a market capitalization of about $62 billion, used in digital trading with cash reserves that ensure its value stability. The offering aims to enhance transparency and credibility in the field of digital currencies amid a changing regulatory environment.