On June 5, 2025, Circle, the issuer of USDC, the second – largest dollar – pegged stablecoin globally, made its official debut on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL”, marking a historic moment for the stablecoin sector.
Circle is a US – based fintech company founded in 2013, with its core product being USDC. This stablecoin is pegged 1:1 to the US dollar and is used globally for payments, settlements, and storing the value of digital dollars.
The initial public offering (IPO) was priced at $31 per share, significantly higher than the original price range, and the offering size was expanded from the planned 24 million shares to 34 million shares, raising a total of $1.054 billion. The strong market response indicates the recognition of the stablecoin business model by traditional capital markets.
Circle’s CEO, Jeremy Allaire, said on social media that the company’s transition to a publicly – traded entity reflects its commitment to transparency and regulatory compliance. The successful listing of Circle is expected to further enhance its brand awareness and expand the market scale of USDC. Moreover, with the support of major Wall Street investment banks such as JPMorgan Chase, Citigroup, and Goldman Sachs, Circle has received significant attention and support from the capital market.
As the first stablecoin issuer to go public, Circle’s listing is not only a milestone in the compliance process of the cryptocurrency industry but also indicates the re – evaluation of the value of stablecoins as “digital dollar infrastructure” by traditional capital. It also reflects the profound changes in the industry landscape under the remolding of the regulatory framework.
Related topic:
