Circle Internet Financial, the issuer of the $USDC stablecoin, made a remarkable debut on the New York Stock Exchange (NYSE) on June 5 2025. Trading under the ticker symbol CRCL, Circle’s shares opened at $69 and soared to a closing price of $83.23, marking a 168% increase from its IPO price of $31. This surge valued the company at approximately $18.4 billion and raised around $1.1 billion through the sale of 34 million shares.
The IPO attracted significant interest from major financial institutions.
Goldman Sachs
JPMorgan, and
Citigroup
led the underwriting process, while investment firms like:
BlackRock and
ARK Investment Management
expressed substantial interest, with ARK reportedly aiming to purchase up to $150 million worth of shares.
REPORT | Adoption of Crypto Assets Has Outpaced Growth for Mobile Phones and the Internet, Says Latest BlackRock Report
Crypto reached 300 million users faster than the internet and mobile phones since their inceptions.https://t.co/mADzDAq8Vw @BlackRock @BlackRock_News pic.twitter.com/g6r2QDZuN2
— BitKE (@BitcoinKE) January 17, 2025
Circle’s strong financial performance underpins its successful public offering. In the first quarter of 2025, the company reported a net income of $64.79 million on revenues of $578.57 million. USDC, Circle’s flagship stablecoin, has facilitated over $25 trillion in transactions since its inception in 2018, with $6 trillion processed in Q1 2025 alone.
MARKET ANALYSIS | Circle’s Frothy Relationship with Coinbase and Why the $USDC Stablecoin Issuer Partnered with #Binance
Circle spent over $1 billion on distribution in 2024, most of which went to Coinbase. https://t.co/yclq31k3kX @circle @coinbase @binance pic.twitter.com/YQ61FhXNpO
— BitKE (@BitcoinKE) May 27, 2025
Expanding USDC’s Global Footprint
Beyond its financial achievements, Circle has been actively expanding USDC’s global presence.
In December 2024, Circle partnered with Binance to enhance USDC adoption across Binance’s ecosystem, making the stablecoin more accessible to Binance’s 240 million users for trading, saving, and payments.
PARTNERSHIP | @circle Partners with @binance to Accelerate Global $USDC Adoption Across the Binance Ecosystem
Through the partnership, Binance will make USDC more extensively available across their full suite of products and serviceshttps://t.co/7p7xJvkp0P pic.twitter.com/SUZiww03pw
— BitKE (@BitcoinKE) December 13, 2024
Circle has also been working to increase USDC’s availability on various blockchain networks. In April 2024, the company announced native USDC support on zkSync, a leading Layer 2 rollup, eliminating the need for bridging and simplifying transactions for developers and users.
Furthermore, Circle has achieved regulatory milestones, becoming the first stablecoin issuer to gain approval for USDC’s use in Japan. Through a partnership with SBI Holdings, $USDC was launched in Japan in March 2025, marking a significant step in integrating stablecoins into traditional financial systems.
Circle is also focusing on financial inclusion in Africa. The company has highlighted several African fintechs leveraging USDC to provide better financial services to users across the continent.
These fintechs utilize USDC for cross-border payments, enabling cost-effective and swift transactions, and serving as a reliable bridge between traditional finance and the emerging digital asset landscape.
In addition, the recent debut of the Circle Paymnents Network, with key global fintechs being among the intial users, demonstrates the company’s mission to have a global footprint.
INTRODUCING | The @circle Payments Network Mainnet Is Now Live!#Nigeria is one of the 12 regions, and the only one in Africa, that Circle says it is exploring access expansion in 2025.https://t.co/34j6tj3zXr pic.twitter.com/u2nZSjRgfU
— BitKE (@BitcoinKE) May 22, 2025
These developments underscore Circle’s commitment to expanding USDC’s utility and accessibility worldwide. With a successful IPO, strategic partnerships, and regulatory advancements, Circle is well-positioned to play a pivotal role in the evolving landscape of digital finance.
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