Circle Internet Group, the issuer of the stablecoin USDC, has launched its initial public offering (IPO) on the New York Stock Exchange under the symbol CRCL at a price of $31 per share, exceeding expectations. The company raised approximately $1.1 billion with a market valuation of about $6.8 billion. Founded in 2013, Circle manages USDC, the second-largest stablecoin with a market value of around $62 billion, used in digital trading with cash reserves ensuring the stability of its value. The offering aims to enhance transparency and credibility in the digital currency space amid a changing regulatory environment.32158371136

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