#CircleIPO

Circle, the issuer of the USDC stablecoin, has successfully completed its initial public offering (IPO), raising approximately $1.1 billion. The company priced 34 million shares at $31 each, valuing it around $6.9 billion—above earlier projections. Circle’s shares are now trading on the New York Stock Exchange under the ticker “CRCL.” This IPO marks one of the most notable crypto-related listings since Coinbase’s debut in 2021, highlighting the growing interest in crypto infrastructure. USDC, Circle’s flagship stablecoin, is the second-largest globally with a market cap of over $61 billion. Circle’s revenue has surged from $15 million in 2020 to $1.7 billion in 2024, driven by interest income on reserves. The IPO signals increasing alignment between crypto and traditional finance.