Circle, issuer of the stablecoin USDC, makes its debut on the NYSE
On June 5, 2025, Circle Internet Group, the company behind the stablecoin USDC, debuted on the New York Stock Exchange (NYSE) under the symbol $CRCL. This milestone reflects the growing interest of Wall Street in stablecoins and their integration into traditional financial markets.
With an initial public offering (IPO) of 34 million shares at $31 each, the company raised approximately $1.1 billion, exceeding initial expectations and reaching a valuation close to $6.9 billion.
A firm step towards the institutionalization of stablecoins
Circle's IPO not only represents a corporate achievement but also a significant advancement in the legitimization of stablecoins in the global financial system.
USDC, backed on a one-to-one basis by US dollars and high-liquidity assets, has facilitated over $25 trillion in on-chain transactions since its launch in 2018.
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