Expanded stock offering for Circle IPO, driven by high demand, places company's worth at $6.2 billion.
Circle Internet Group, the issuer of the popular USDC stablecoin, made history on June 5, 2025, as it completed a highly successful Initial Public Offering (IPO) on the New York Stock Exchange. The company, now trading under the ticker "CRCL", became the first stablecoin issuer to be listed on the NYSE.
The IPO raised over $1 billion by selling 32 million shares at a price range of $27-$28 each, marking an increase from the initial price range of $24-$26 per share. The strong institutional backing came from firms like ARK Invest, JPMorgan, Goldman Sachs, and BlackRock.
The share price surged dramatically after the debut, reaching highs over $100 on the first day and trading significantly above the IPO price in the months following, with gains of up to 750% recorded by mid-July 2025.
This strong market performance reflects mounting investor enthusiasm for regulated, real-world stablecoins like USDC, which have seen growing adoption supported by a clearer regulatory environment. The demand for USDC is driven by its backing through liquid reserves including U.S. Treasury bills and securities, boosting confidence in its stability and real-world use.
The stablecoin hype surrounding Circle's IPO ties closely to broader developments. The company's revenue in Q1 2025 hit $2 billion, mostly from transaction fees and services, reinforcing the commercial strength behind USDC and the stablecoin sector. Regulatory clarity, particularly from prospective U.S. legislation such as the GENIUS Act, is seen as a key catalyst boosting investor confidence. The GENIUS Act is expected to establish clearer rules for stablecoin issuers, fostering trust and financial integration.
Circle's IPO surge correlates with the broader institutional acceptance of digital assets and the maturation of cryptocurrencies into mainstream finance and politics. The stablecoin industry is currently experiencing a surge in interest and news coverage, with last week's Stablecon event generating significant industry news coverage and research reports.
The event is significant in the stablecoin industry, as Circle is experiencing a timely opportunity due to peak stablecoin hype and Bitcoin reaching a new all-time high. The company is benefiting from growing optimism around potential US stablecoin legislation, with the Genius Act likely to receive a Senate vote within the next two weeks.
Of the 32 million shares, 16 million are new shares being issued by Circle. The expansion follows significant demand and oversubscriptions for the stock on offer. As a result, the company is now valued at $6.2 billion after the IPO.
The IPO marks a milestone for Circle, as it competes with market leader Tether. The legislation favors Circle, the issuer of the USDC stablecoin, over Tether. This validation of the growing institutional interest in stablecoins demonstrates a surge in both price and adoption, underpinned by robust revenue, regulatory optimism, and a bullish crypto market environment.
- The strong institutional backing for Circle Internet Group, the issuer of the popular USDC stablecoin, resulted in an Initial Public Offering (IPO) that raised over $1 billion, marking a significant event in the finance technology industry.
- The surge in the share price of Circle after its debut on the New York Stock Exchange (NYSE) is evidence of mounting investor enthusiasm for regulated stablecoins like USDC, which are backed by liquid reserves and experiencing increased adoption supported by a clearer regulatory environment.
- The stablecoin industry is currently witnessing a surge in interest and news coverage, with the company's IPO coinciding with key developments such as the GENIUS Act, Bitcoin reaching a new all-time high, and the Stablecon event generating significant industry news and research reports.
