#CircleIPO

Circle, the issuer of the USDC stablecoin, has successfully launched its initial public offering (IPO) on the New York Stock Exchange under the ticker CRCL, raising $1.1 billion. The IPO was priced at $31 per share, above the initially projected range, reflecting strong investor demand.

📊 Key Highlights:

• Shares Offered: 34 million

• IPO Price: $31 per share

• Valuation: Approximately $6.8 billion

• Market Cap of USDC: Approximately $62 billion

Circle’s USDC is the world’s second-largest stablecoin, backed by cash or equivalent assets, and has facilitated over $25 trillion in transactions since inception.