Circle officially landed on the New York Stock Exchange, USDC issuer raised $1.1 billion and reached a valuation of $6.2 billion

Circle, the issuer of the world's second largest dollar stablecoin USDC, has successfully completed its initial public offering (IPO) on the New York Stock Exchange (NYSE) with the stock code "CRCL". The IPO was priced at $31 per share, higher than the originally expected price range of $24 to $26, raising a total of $1.1 billion and the company's valuation reached $6.2 billion.

This round of IPO was originally planned to issue 24 million shares, but due to strong market demand, it was eventually expanded to more than 34 million shares. As an important bridge for the integration of Web3 and traditional finance, Circle's listing not only represents an important node in its own development, but is also regarded as a major breakthrough for the stablecoin industry to move towards the mainstream financial market.

Circle CEO Jeremy Allaire said on the day of listing: "Our mission is to drive global economic growth through frictionless value exchange. This is a key milestone in the irreversible integration of the global financial system and the Internet."

The USDC launched by Circle is currently the second largest dollar stablecoin in the world by market value, second only to USDT, and is widely used in DeFi transactions, cross-border payments, and corporate settlements. The timing of Circle's listing is also quite meaningful - it coincides with the acceleration of the legislation process of stablecoin regulation by US lawmakers, which brings higher policy attention and potential uncertainty to its IPO.

According to analysts, Circle's successful listing has a demonstration effect on the entire crypto-financial industry, especially on the path of crypto companies seeking compliant development and integration with the capital market. In the future, Circle may further expand its international business layout and enhance the penetration of USDC in emerging markets and enterprise-level payments.

This IPO is also regarded as one of the largest public offerings in the crypto field in the traditional capital market since Coinbase's listing, injecting new market confidence into the key infrastructure of stablecoins.