#CircleIPO
#CircleIPO: USDC Issuer Goes Public, Raises $1.05B on NYSE
Circle, the company behind the USDC stablecoin, has officially launched its IPO on the New York Stock Exchange under the ticker $CRCL. The offering raised $1.05 billion, with 34 million shares priced at $31 eachâwell above initial expectations.
đ Key Highlights:
đ Valuation: ~$8 billion
đ° Investors: Strong institutional demand, including interest from BlackRock
đŠ Proceeds: To fund global expansion, compliance upgrades, and tokenized finance products
đ USDC Supply: ~$61.5B in circulation, 2nd largest stablecoin after USDT
This IPO marks the largest crypto-sector listing since Coinbase (COIN) in 2021âsignaling renewed investor confidence in regulated Web3 infrastructure.
đĄ What it means: Circle is positioning itself as a leader in compliant, tokenized finance. Eyes are now on how it competes with fintech giants in the payment space.
Do you see $CRCL as a long-term hold?
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