Circle Internet Group, issuer of the USDC stablecoin, launched its IPO on June 4, 2025, raising $1.05 billion by selling 34 million shares at $31 each, surpassing the expected $27-$28 range. This values the company at approximately $8 billion on a fully diluted basis. Listed on the NYSE under the ticker "CRCL," Circle’s IPO is one of the largest crypto listings since Coinbase’s 2021 debut. USDC, the second-largest stablecoin with a $61 billion market cap, benefits from growing stablecoin adoption and a favorable U.S. regulatory environment under the Trump administration. Despite a failed 2022 SPAC deal valued at $9 billion, Circle’s strong investor interest, including from BlackRock and ARK Investment, signals robust market confidence.
