Major Stablecoin Issuer Circle has increased the target of Public Public Offering (IPO) of $ 896 million.
According to During a June 2’s filing with the US Securities and Exchange Commission (SEC), the Circle now plans to offer up to 32 million distributors to an IPO price range of $ 27 to $ 28 per part, an increase from the previous offer of 24 million shares a priced between $ 24 and $ 26.
The news follows A late May announcement that the company will issue 9.6 million shares of Class A standard stock. At this time, the circle hints with a target appreciation of $ 6.7 billion.
An increase in the IPO target suggests the investor’s strong interest in the stock of circle. This happens as the US administration under President Donald Trump continues to promote a more desirable regulatory environment for the industry.
The Circle did not respond to Cointelegraph’s request for comment by publication.
Related: Banks ‘very interested’ with the use of Stablecoin – Stripe Exec
Circle’s IPO attracts interest in the middle of stablecoin fever
The IPO of the Circle attracts significant interest from market participants, along with the world’s largest asset manager, Blackrock, has been reportedly reported Planning to take a 10% stake in Circle’s offering.
Interest continues to grow as Stablecoin adoption expands the rapid emerging environment of the regulation. Late May reports have revealed that The $ 94.2 billion in Stablecoin transactions has been fixed Between January 2023 and February 2025.
“In general, Stablecoins established themselves as a growing and significant parts of the global payment infrastructure,” the report reports. That growth was strengthened by an emerging landlord of US regulation which is especially desirable in digital properties.
Related: Security laws beyond simple meanings – SEC Commissioner
Crypto regulation progresses in the US
US cryptocurrency regulation has moved rapidly to a fast pace in recent months. In late May, a Bipartisan bill, the The law in Clarity, landed in Congress.
In May, the SEC Chair Paul Atkins appeared in front of lawmakers at one of his first hearing from taking reins to the agency, talking Questions about his plans for the cryptocurrency industry. It is marked by a significant shift from the previous approach based on the implementation of the crypto regulator.
The SEC din released new rules in cryptocurrency stakingMoving toward clearly defined policies for the crypto industry. Outgoing CFTC Commissioner Summer Mersinger has recently been reported to expect approval of on-coast crypto eternal futures “soon.”
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
