$USDC

What's new:

1. IPO May 5–6, 2025

Circle, the issuer of USDC, went public on the New York Stock Exchange (NYSE, ticker CRCL) — the planned IPO price was $31, but at the opening, shares were priced at $69, rising by +168% and closing around $83 (then fluctuating around $100–110). This is one of the largest debuts in the crypto space since 2021.

The IPO brought the company about $1.05–1.1 billion, and the valuation exceeded $19–22 billion.

2. New infrastructure level

Circle introduced the Circle Payments Network — a system for instant cross-border settlements in USDC between businesses.

An MOU was signed with ICE (Intercontinental Exchange, owner of NYSE) to adapt USDC and EURC for ICE products — derivatives, clearing, exchange services.

3. Scale and turnover

Approximately $60–61 billion USDC is in circulation.

Since its launch in 2018, USDC has accounted for over $25 trillion in on-chain transactions.

USDC has surpassed Tether (USDT) in transaction volumes since April 2024.

4. Financial results and diversification

In 2024, revenue reached $1.7 billion, with the majority being interest income from reserves.

In Q1 2025, net income was $64.8 million on revenue of $578.6 million.

Operating income (not related to reserves) is growing — currently at ~3.6%.