#CircleIPO CircleIPO: Stablecoins Enter the Public Market**

Circle, the company behind USDC, made waves with its IPO on the NYSE, raising **$1.1 billion** at **$31 per share**. The stock soared **168%**, closing at **$83.23**, giving Circle a valuation of **$18.4 billion**.

### **Circle’s Market Debut**

Circle’s shares opened at **$69**, peaked at **$103.75**, and experienced multiple trading halts due to high demand. The IPO’s success highlights growing investor confidence in stablecoins and their role in financial markets.

### **Significance of Circle’s IPO**

Stablecoins are increasingly used for payments and financial transactions. Circle’s public listing reflects their growing acceptance and could encourage more crypto firms to follow suit.

### **Circle’s Revenue Model**

Circle earns revenue from interest on reserves backing USDC, which has a **$61 billion** market cap. Since 2018, the company has processed **$25 trillion** in transactions, with **$6 trillion** occurring in early 2025.