#CircleIPO On June 5, 2025, Circle became the first stablecoin issuer to be listed on the New York Stock Exchange under the ticker CRCL, with an initial valuation of $6.8 billion and shares reaching $107.5 after its debut. How does USDC work and on which networks does it operate?

USD Coin (USDC) operates through a simple and transparent mechanism of issuance and redemption, backed by blockchain technology and regulated custody systems. This ensures that at all times, each token is backed by one dollar or an equivalent high-quality liquid asset, held in segregated accounts.

When an authorized entity deposits dollars into Circle's accounts, the platform generates or "mints" that same amount in USDC on the selected network. Conversely, when USDC is returned, it is "burned" (removed from circulation) and the dollar value is refunded to the authorized user. This process combines off-chain operations with automation through smart contracts, which record each movement and help maintain the 1:1 parity with the dollar. Circle Mint: the key tool

It is Circle's institutional platform for issuing and redeeming USDC. It is only available to verified companies, which can deposit dollars and receive USDC, or return USDC and obtain dollars. This service guarantees the 1:1 parity and maintains the balance between the circulating tokens and the reserves.