On June 5, 2025, stablecoin issuer Circle went public on the New York Stock Exchange under the ticker symbol CRCL. Due to strong market demand, the company expanded the IPO size to 34 million shares, raising approximately $1.1 billion. On its first day of trading, the stock performed strongly, closing at $83.23, up 168% from the issue price. Circle is the issuer of the USDC stablecoin, and its annual revenue primarily comes from interest on government bonds it holds. This successful IPO is seen as an important milestone for the cryptocurrency industry, boosting market confidence in stablecoins and crypto finance.