On June 5, 2025, Circle, the issuer of the stablecoin USDC, launched its shares for public offering on the New York Stock Exchange under the trading symbol CRCL. The stock was priced at $31, rising by 168% to close at $83.23, raising the company's market capitalization to approximately $18.4 billion.

Circle raised around $1.1 billion through the sale of 34 million shares, backed by major financial institutions such as JPMorgan, Goldman Sachs, and Citigroup. This move is a milestone in the cryptocurrency market, demonstrating the increasing interest of investors in regulated digital assets.

USDC is the second largest stablecoin by market capitalization, reaching $60.1 billion in trading across 4.9 million wallets. These figures show the significance of Circle in the financial technology sector.

The success of this IPO is expected to encourage other fintech companies to enter public markets, especially in light of supportive regulatory trends for digital currencies.