#CircleIPO # Circle IPO: Overview
Circle, the issuer of the USDC stablecoin, has launched an initial public offering (IPO) on the New York Stock Exchange under the ticker "CRCL". This offering represents a significant step towards the adoption of digital currencies in traditional financial markets.
*Offering Details*
- *Number of Shares*: 34 million Class A shares of common stock.
- *Share Price*: $31 per share.
- *Total Value*: The company aims to raise over $1.05 billion, giving it an estimated valuation of approximately $8.06 billion.
*Uses of USDC*
USDC is a stablecoin pegged to the value of the U.S. dollar at a 1:1 ratio, and it is used for:
- *Payments*
- *Lending*
- *Money Transfers*
- *Decentralized Finance (DeFi)*
- *Financial Settlements*
*Company Financial Performance*
- *Interest Revenue*: Circle derives most of its revenue from interest earned on reserve assets backing USDC.
- *Expansion*: The company aims to expand the use cases of USDC through partnerships with financial institutions and offering tools for international payments.
