#CircleIPO Circle IPO: A Milestone for Stablecoins
In June 2025, Circle Internet Group, the issuer of the USDC stablecoin, made a significant debut on the New York Stock Exchange under the ticker symbol CRCL. The initial public offering (IPO) raised approximately $1.1 billion, with shares priced at $31 per share, above the anticipated range of $27–$28. Investor enthusiasm was evident as the stock surged by over 168%, closing at $83.23, marking one of the strongest first-day performances for a U.S. IPO in recent years.
Circle's decision to go public follows a previous attempt in 2022 to merge with Concord Acquisition Corp., a special purpose acquisition company (SPAC), which was ultimately canceled due to regulatory concerns. In January 2024, Circle confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for its IPO. This move was part of a broader strategy to solidify its position in the rapidly evolving digital asset landscape.
The IPO's success underscores growing investor confidence in stablecoins and their role in the broader financial ecosystem. Circle's USDC has facilitated over $25 trillion in on-chain transactions since its inception, with **
