#CircleIPO

Circle Internet Group Inc., the issuer of the USDC stablecoin, has successfully launched its initial public offering (IPO), raising $1.1 billion through the sale of 34 million shares at $31 each—above its previously targeted range. This strong investor demand signals Wall Street's growing acceptance of digital currencies. At the IPO price, Circle's market capitalization reaches approximately $7 billion. The IPO was strongly backed by major underwriters like J.P. Morgan, Citigroup, and Goldman Sachs, and attracted interest from Ark Invest, which aims to purchase up to $150 million in shares.

Circle issues USDC, a stablecoin pegged to the U.S. dollar, which has supported over $25 trillion in on-chain transactions since its inception and currently has over $61 billion in circulation. The company intends to use IPO proceeds to expand USDC's usage and strengthen its position in the global payments market. Despite previous market challenges, such as reduced digital asset activity in 2023, Circle has shown resilience and posted growth in both revenue and income for Q1 2025. The IPO also coincides with increasing legitimacy of the crypto industry, as seen in Coinbase’s inclusion in the S&P 500 and ongoing legislative efforts in Congress to support digital currencies.

Circle's successful IPO underscores the growing investor interest in cryptocurrency-related firms transitioning into traditional finance markets. It also marks one of the most significant crypto listings since Coinbase's 2021 debut. The offering reflects robust institutional interest, particularly in stablecoins and crypto infrastructure rather than more speculative digital assets. Founded in 2013, Circle is the second-largest stablecoin issuer after Tether, with USDC holding a market cap exceeding $61 billion. The company also issues the euro-pegged EURC stablecoin. Shares will begin trading on the NYSE under the symbol "CRCL." The IPO comes amid a shift in U.S. crypto regulatory outlook under President Donald Trump, promising a friendlier environment for crypto firms.