#CircleIPO **#CircleIPO: A Landmark Moment for Stablecoins** Circle, the issuer of the USDC stablecoin, made a historic debut on the New York Stock Exchange (NYSE) with its initial public offering (IPO). The company raised approximately **$1.1 billion**, pricing its shares at **$31 each**, and saw its stock surge over **168%** on the first day of trading. This IPO marks a significant milestone for the crypto industry, particularly for stablecoins, as Circle becomes the first major stablecoin issuer to go public.

### **Circle’s IPO Performance**

Circle’s stock opened at **$69** and peaked at **$103.75**, closing at **$83.23**, giving the company a market valuation of **$18.4 billion**. The strong investor demand led to multiple trading halts due to volatility, reflecting the growing interest in stablecoins as a financial instrument.

### **Why Circle’s IPO Matters**

Stablecoins have gained traction as a bridge between traditional finance and digital assets. Circle’s IPO signals mainstream acceptance of stablecoins, with investors betting on their future role in payments and financial infrastructure. The company’s success could pave the way for more crypto firms to go public, boosting confidence in the sector.

### **Circle’s Business Model**

Circle generates revenue primarily from interest earned on reserves backing USDC, which has a market cap of **$61 billion**. The company has processed over **$25 trillion** in transactions since launching USDC in 2018, with nearly **$6 trillion** occurring in the first quarter of 2025.