Circle Internet Group, the issuer of the stablecoin USDC, launched its initial public offering (IPO) on the New York Stock Exchange under the symbol 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 value of about $62 billion, used in digital trading with cash reserves ensuring the stability of its value. The IPO aims to enhance transparency and credibility in the field of digital currencies amid a changing regulatory environment.