#CircleIPO
Circle Internet Group, the issuer of the USD Coin (USDC) stablecoin, has made a significant entry into the public markets. On June 5, 2025, the company raised approximately $1.05 billion through its U.S. initial public offering (IPO), selling 34 million shares at $31 each. This IPO valued Circle at around $8 billion, marking one of the largest crypto-related listings since Coinbase's debut in 2021 .
Circle's shares debuted on the New York Stock Exchange under the ticker symbol "CRCL" and experienced a remarkable surge, opening at $69—123% above the IPO price. This surge elevated the company's valuation to approximately $18 billion, reflecting strong investor enthusiasm for stablecoin infrastructure and signaling a positive shift in market sentiment towards crypto-related firms .
Founded in 2013 by Jeremy Allaire and Sean Neville, Circle is best known for USDC, the second-largest stablecoin by market capitalization, with over $61 billion in circulation. The company also issues EURC, a euro-pegged stablecoin, and has facilitated more than $25 trillion in transactions since its inception .
In preparation for its IPO, Circle relocated its global headquarters from Boston to New York City, establishing its new office in One World Trade Center. This move aligns the company more closely with traditional financial institutions and underscores its commitment to integrating digital assets into the mainstream financial system .
The IPO occurs amid a more favorable regulatory environment for cryptocurrencies in the U.S., with the current administration showing increased openness to digital assets. Legislative efforts, such as the GENUIS Act, aim to establish a regulatory framework for stablecoins like USDC, further legitimizing their role in the financial ecosystem
