On June 5, 2025, Circle Internet Group—the company behind the USDC stablecoin—hit the New York Stock Exchange under the ticker “CRCL,” pricing its shares at $31 each and raising $1.05 billion in an upsized IPO. That launch gave Circle a valuation around $8 billion, making it one of the largest crypto-related public offerings since Coinbase’s 2021 IPO.

Circle’s USDC is the second-biggest stablecoin by market cap, with roughly $61 billion in circulation. The company’s revenue has exploded—from about $15 million in 2020 to $1.7 billion in 2024—mostly from interest earned on reserves backing USDC. In the lead-up to the IPO, Circle highlighted its mission to scale global payments and build trust in digital dollars, stressing its audited reserves and growing institutional adoption. If you’re tracking crypto’s march into traditional finance, Circle going public is a big step—and it sets a fresh benchmark for other stablecoin issuers eyeing Wall Street. #CircleIPO