Circle Raises $1.1 Billion in Strong IPO Debut, Signals Rising Confidence in Stablecoins

Circle Internet Group Inc., the issuer behind the USDC stablecoin, successfully raised $1.1 billion in its upsized initial public offering (IPO), pricing shares at $31 each, well above the originally marketed range. This marks a major milestone for the stablecoin sector as Circle’s valuation hits $6.9 billion based on outstanding shares, with a fully diluted […]