$BTC Circle, the issuer of the stablecoin USDC, launched its shares in an Initial Public Offering (IPO) on the New York Stock Exchange under the symbol CRCL at a price of $31 per share, with a market capitalization of $6.9 billion, raising $1.1 billion by selling 34 million shares. The IPO saw strong demand (25 times), supported by investors such as BlackRock and ARK Invest. This comes with the growth of the stablecoin market and the impending regulatory legislation in the United States.
