#CircleIPO The leading issuer of stablecoins, Circle, has increased its initial public offering (IPO) target to USD 896 million.

According to a document filed on June 2 with the U.S. Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of USD 27 to USD 28 per share, an increase from the previous offering of 24 million shares at a price between USD 24 and USD 26.

The news follows an announcement in late May in which the company indicated it would issue 9.6 million Class A ordinary shares. At that time, Circle hinted at a target valuation of USD 6.7 billion.

An increase in the IPO target suggests strong investor interest in Circle's shares. This comes as the U.S. administration under President Donald Trump continues to foster an increasingly favorable regulatory environment for the industry.