Circle, the company behind the USDC stablecoin, just pulled off one of the most talked-about IPOs of the year. Priced at $31 per share, Circle’s public debut wasn’t just solid, it blew past the expected range of $27 to $29, and the Circle IPO raised over $1.1 billion. The company is now valued at around $6.9 billion based on shares outstanding, and that number could climb to $8.1 billion once everything’s fully diluted.
This isn’t just a moment for Circle. It’s a moment for crypto companies trying to prove they belong in traditional financial markets.
Wait, What Exactly Does Circle Do?
Let’s break it down. Circle runs USDC, a stablecoin that mirrors the U.S. dollar. If you’ve sent crypto, used DeFi apps, or dabbled in NFTs, chances are you’ve used USDC without even realizing it. It’s designed to keep a stable value while letting people transact across blockchains in seconds.
$CRCL: First stablecoin on NYSE analysis
1. Circle is a leveraged “uninsured money market fund”: Profits are dependent on US T-bill spreads. IPO priced at $27-28/share, with ARK and BlackRock interested in investing 10%, said to be over 25x oversubscribed.
2. Two major cost… pic.twitter.com/76u7BPtAC2
— Rui (@ruiixyz) June 4, 2025
Circle is also behind EURC, which is pegged to the euro. These digital dollars and euros are becoming a core part of how money moves in the modern internet economy. Unlike volatile coins like Bitcoin or Ethereum, USDC is meant to feel like cash but with the speed of the internet.
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Circle by the Numbers
Circle isn’t just making headlines. It’s making serious money. In 2024, the company generated about $1.76 billion in revenue, booked $779 million in operating income, and pulled in $155 million in actual profit. That’s not fantasy internet money, that’s real cash flow.
Circle $CRCL raised $1.1 Billion in an upsized IPO offering with its shares priced at $31 per share above the $27-$28 marketed range
Circle stock will begin trading in the middle of the day tomorrow
— Evan (@StockMKTNewz) June 4, 2025
Even more impressive is how much activity Circle sees on-chain. By March 2025, USDC had been used for over $25 trillion worth of transactions. That’s not a typo. That’s trillion with a T. It shows how deeply USDC is embedded into the daily operations of crypto platforms, payment services, and institutional transfers.
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Why This IPO Actually Matters
This isn’t just a company cashing out. It’s a signal that crypto firms can grow up, go legit, and enter the public markets the old-fashioned way. Circle tried going public through a SPAC deal in 2022, but that fell apart when the market went sideways and regulators got cold feet. This time, Circle did it the classic route and found plenty of buyers.
And timing? Pretty ideal. Trump is back in office, and pro-crypto voices are gaining steam in Congress. Bills like the GENIUS Act are aiming to regulate stablecoins in a way that lets trusted players like Circle thrive. If the rules become more favorable, Circle could see a surge in business.
Are More Crypto IPOs Coming?
That’s the bet. If Circle’s launch goes smoothly, it could inspire others to follow. With the Circle IPO now complete, other crypto firms may feel more confident pursuing listings of their own.
Companies like Ledger, Kraken, and even ConsenSys have flirted with the idea of going public. Now that Circle is walking the walk, it might be easier for the next wave to step up.
Final Word
Circle’s IPO isn’t just about stock tickers and share prices. It’s a window into how crypto is settling into the real world. No longer the loud outsider, Circle is showing what it looks like when a blockchain-based company plays by Wall Street’s rules, and wins.
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Key Takeaways
- Circle raised over $1.1 billion in its IPO, pricing shares at $31 and exceeding expectations to reach a $6.9 billion valuation.
- The company operates USDC and EURC, two major fiat-backed stablecoins used across DeFi, NFTs, and institutional payments.
- Circle posted $1.76 billion in 2024 revenue with $779 million in operating income, proving its real-world financial strength.
- USDC has processed over $25 trillion in transactions, making it one of the most widely used assets in crypto infrastructure.
- Circle’s successful IPO may pave the way for other crypto firms like Kraken and ConsenSys to go public through traditional markets.
The post Circle Cashes In Big With $1.1B IPO Ahead of NYSE Debut appeared first on 99Bitcoins.
