#CircleIPO Circle Internet Group, the company behind the stablecoin USD Coin (USDC), has successfully debuted on the New York Stock Exchange under the symbol "CRCL". On its first day of trading, Circle's shares soared 168%, closing at $83.23 and valuing the company at approximately $18.36 billion.

Circle's initial public offering (IPO) raised nearly $1.1 billion by selling 34 million shares at a price of $31 each, exceeding initial expectations. This milestone marks one of the most notable public offerings in the cryptocurrency sector since Coinbase's IPO in 2021.

Before its public offering, Circle moved its legal headquarters from Ireland to the United States and established its main office at One World Trade Center in New York, strategic moves that reflect its commitment to regulatory compliance and its focus on the U.S. market.

USDC, the stablecoin issued by Circle, is the second largest in the world by market capitalization, with approximately $60 billion in circulation. The company has facilitated over $25 trillion in on-chain transactions since the launch of USDC in 2018, and its revenue grew from $15 million in 2020 to $1.7 billion in 2024, primarily through interest generated by the reserves backing the stablecoin.

Circle's successful stock market debut underscores the growing institutional acceptance of cryptocurrencies and could encourage other companies in the sector to consider public offerings in the near future.