Circle Tops $1.1B in IPO as Demand Surpasses Expectations

Circle, the company behind the USDC stablecoin, has raised more than $1.1 billion in a highly anticipated IPO, outperforming its earlier fundraising targets.

The offering saw 34 million shares sold at around $31 each, giving the firm an estimated valuation of $6.9 billion, or $8.1 billion on a fully diluted basis, according to Bloomberg sources.

The stablecoin issuer had originally aimed for a smaller round—just two days prior, it was seeking to raise $896 million by pricing 32 million shares between $27 and $28. That figure itself was already an upward revision from initial expectations of $600 million.

Circle’s flagship product, USDC, currently ranks as the world’s second-largest stablecoin with a market capitalization of approximately $60.9 billion.

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The timing of the IPO coincides with rising global interest in stablecoins and a push from U.S. lawmakers to regulate the sector.

The GENIUS Act, a legislative framework designed to oversee dollar-pegged digital assets, has recently progressed to the Senate, potentially setting the stage for a more mature and compliant stablecoin industry.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.