#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, has successfully launched its initial public offering (IPO), raising $1.05 billion by selling 34 million shares at $31 each—above the expected range of $27–$28. This pricing values the company at approximately $6.9 billion, potentially reaching $8 billion when including underwriter options. The IPO was significantly oversubscribed, indicating strong investor interest in crypto infrastructure. Circle's revenue model, driven by interest income from reserves, yielded $1.7 billion in 2024 with a net income of $156 million. Shares are set to begin trading on the New York Stock Exchange under the ticker symbol "CRCL."