Circle punctuates pivotal moment for stablecoins with $1bn IPO

Circle has officially landed on Wall Street, raising $1.05 billion through its upsized IPO. Selling 34 million shares at $31 each, the stablecoin issuer now commands an $8 billion valuation. The move underscores surging investor demand and marks a defining moment for the stablecoin sector amid renewed crypto market momentum.

June 5, 2025