Circle Prices IPO at $31, Secures $6.9B Valuation in Bid to Mainstream Stablecoins
Circle, the issuer of the USDC stablecoin, priced its IPO at $31 per share late Wednesday, securing a $6.9 billion valuation in one of the most closely watched crypto-related listings of the year.
The pricing came in well above the company’s initial range of $24 to $26, reflecting strong investor interest. Roughly 34 million shares were sold, with proceeds totaling over $1 billion. The stock will begin trading on the New York Stock Exchange under the ticker symbol CRCL.
This marks a significant milestone for Circle, which had previously attempted to go public via a SPAC deal that was later scrapped. The successful offering positions the company as a key player in the evolving landscape of regulated digital assets.
Circle’s flagship product, USDC, is the second-largest dollar-backed stablecoin and is widely used across crypto exchanges, DeFi platforms, and fintech applications. Going public provides Circle with both funding and a platform to influence the regulatory conversation around stablecoins, which is heating up in Washington.
Senator Bill Hagerty, a lead architect of upcoming stablecoin legislation, stressed the importance of clarity in a Bloomberg interview: “This bill ensures each stablecoin is fully backed and transparent. It’s time we modernize the system.”
For Circle, the IPO is more than a capital raise—it’s a signal of intent to become a cornerstone of compliant digital finance.
