#CircleIPO Circle IPO: A historic turning point for stablecoins on the NYSE

Main content summary:

• Circle (CRCL) – the issuer of USDC – officially listed on the NYSE on June 5, 2025.

• IPO price $31/share, far exceeding initial expectations, raising $1.1 billion.

• Company valuation reached $6.9 billion. Led by JPMorgan, Goldman Sachs, Citigroup.

• Demand for shares exceeded 25 times – a new record in the crypto industry.

In-depth perspective:

• BlackRock spent $340 million to buy 10% of the shares – indicating the level of “mainstreaming” of USDC.

• Coinbase sold $595 million worth of shares – reflecting the cautious sentiment of early investors.

• The IPO is not just a capitalization deal but also a milestone for the stablecoin industry to escape the “legal gray area”.

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