#CircleIPO IPO represents a significant step towards the legitimization of stablecoins in traditional financial markets. USDC, Circle's stablecoin, is the second largest by market capitalization, with approximately $60 billion in circulation. Since its launch in 2018, it has facilitated over $25 trillion in on-chain transactions. The success of the public offering also reflects a growing institutional interest in cryptocurrencies and could pave the way for future IPOs of fintech and crypto companies.