#CircleIPO Circle is a U.S.-based company that issues USD Coin (USDC), a stablecoin pegged to the U.S. dollar. In June 2025, Circle went public on the New York Stock Exchange under the ticker “CRCL,” raising $1.1 billion through its initial public offering (IPO). The stock debuted at $31 per share and closed at $83.23 on its first day, reflecting strong investor interest . Circle’s revenue primarily comes from interest earned on reserves backing USDC, held in cash and short-term U.S. Treasuries. The successful IPO indicates growing mainstream acceptance of stablecoins and may encourage other crypto firms to consider public listings .