#CircleIPO Circle Internet Group, issuer of the USDC stablecoin, launched its IPO on June 5, 2025, raising $1.05 billion by selling 34 million shares at $31 each, surpassing the expected $27-$28 range. Valued at $6.9 billion ($8.1 billion fully diluted), Circle will trade on the NYSE under "CRCL." The IPO, backed by major investors like BlackRock and ARK Investment, reflects growing stablecoin market confidence. Circle’s USDC, with a $60 billion market cap, competes with Tether. The move follows a failed 2021 SPAC attempt, capitalizing on favorable crypto regulations under the Trump administration.