Circle, the issuer of the stablecoin USDC raises $1.1 billion in its initial public offering:
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Circle, the issuer of the stablecoin USDC, has successfully raised 1.1 billion dollars through a long-awaited initial public offering (IPO) on the public markets.
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The IPO comes at a critical time, as institutional interest in the crypto sector is picking up again. Investors are searching for transparent and stable financial tools in a highly volatile environment.
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USDC, issued by Circle, is one of the most widely used stablecoins globally — fully backed by the US dollar and used for trading, payments, and decentralized finance (DeFi) applications.
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This public listing reflects Circle’s ambition to expand and strengthen its institutional presence, especially after the significant rise in stablecoin usage both in the US and internationally.
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Circle had previously attempted to go public via a SPAC merger in 2021, but that deal fell through. Now, it's back stronger with a successful traditional IPO.
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Sources close to the company say the raised funds will go toward infrastructure expansion, improving transparency and compliance systems, and growing its global operations — especially in Europe and Asia.
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This move comes amid rising competition in the stablecoin market — between USDC, USDT, and central bank digital currencies (CBDCs).
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Circle continues to stress its full commitment to regulatory compliance and is known for working closely with regulators, particularly in the US market.
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Could Circle’s IPO be a turning point in the relationship between Wall Street and the crypto world?
This successful public debut sends a strong message of confidence to the broader market.
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