#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, made a notable debut on the New York Stock Exchange (NYSE) under the ticker symbol "CRCL" on June 5, 2025. The company raised approximately $1.1 billion by selling 34 million shares at $31 each, resulting in an initial market capitalization of around $6.9 billion.

Investor enthusiasm was evident as Circle's stock opened at $69.50, more than doubling its IPO price, and traded as high as $92.68 during the day. This strong performance underscores growing confidence in stablecoin issuers and the broader crypto industry.

Circle's USDC has a circulating supply of approximately $60 billion and has facilitated over $25 trillion in on-chain transactions. The company's revenue surged from $15 million in 2020 to $1.7 billion in 2024, primarily driven by interest earned on reserves held in cash and U.S. Treasuries.

This IPO marks a significant milestone for the crypto sector, being one of the largest public listings since Coinbase's in 2021. It reflects the increasing integration of digital assets into mainstream finance and the growing demand for regulatory clarity in the industry.