USDC Issuer Circle Is Now Listed on NYSE

Circle, the company behind the stablecoin USDC, has officially gone public. The company’s stock, now trading under the ticker CRCL, was listed on the New York Stock Exchange (NYSE). This development marks a major milestone for the firm and the broader crypto industry. 

This company announced its public listing in an X post on June 5. Circle also shared plans to create a seamless value exchange using products like USDC, EURC, and Circle Payments. These tools aim to shape the future of digital finance.

Circle Sees Successful IPO Beyond Expectations

The demand for Circle’s Initial Public Offering (IPO) was massive. According to recent reports, the orders for the stock were 25 times more than the available shares. This high demand pushed Circle to raise its IPO price to $31 per share. 

Circle sold some of its shares to the public and made over $1 billion. This big success shows that many investors trust the company and believe in its future in the growing world of digital money.

Circle Aims to Build the Money Layer of the Internet

Circle’s CEO, Jeremy Allaire, said this is just the start of a new journey. He shared that the company was founded with a clear mission: to use internet technology to help rebuild the global economic system. 

Allaire said Circle does not just want to make financial products; it wants to create the Internet’s money layer. He also reflected on Circle’s early days, saying he always believed the company was a long-term project. 

More than ten years later, the CEO believes the vision is just becoming real. In the post, Allaire thanked everyone who has supported Circle’s journey. This move could further boost Circle’s stablecoin revenue. 

Being a public company could build trust, attract bigger partners, and bring more attention to USDC. With more money from the IPO, Circle can grow faster and reach more users, which may lead to higher earnings.

Industry Leaders Back Circle’s IPO

Circle’s public debut caught the attention of major players on Wall Street. Cathie Wood’s Ark Invest and Larry Fink’s BlackRock were interested in the IPO. Ark Invest reportedly aimed to buy up to $150 million shares. 

This shows that big investors trust Circle and believe it will do well in the future. Circle’s listing on the NYSE is not just a win for the company; it is also a big step forward for the whole crypto world.

Coinbase, a long-time partner of Circle, congratulated the company on X and said this development is essential for the entire industry. Likewise, Michael Saylor, the co-founder of Strategy, also shared his congratulations. 

This shows that many people see Circle’s IPO as an essential moment for the future of digital money.