For the first time in the USDC source on the New York Stock Exchange at $ 31 per share, which establishes Stablecoin at $ 6.2 billion

Circle first appeared on the public market on Wednesday on the New York Stock Exchange (NYSE) under the “CRCL” index, pricing its shares for $ 31 – above 24 dollars to $ 26.

The company sold about 34 million shares in the offer, to evaluate $ 1.1 billion. Bloomberg connects the total amount that has been raised In public subscription at $ 6.2 billion.

Circle initially planned to provide only 24 million category A, with 9.6 million shares from the same company and the rest of the first stakeholders. But with the high demand, the supply increased to more than 10 times the original amount.

CRCL will start trading on Thursday in New York.

This is the first public offers (IPO), the second major encryption company for the public under Trump’s management, after that Itoro was included last month.

The Stablecoin Issuer road to public markets was long. First, I tried to publicize in 2021 through a special purpose acquisition company (SPAC). This deal eventually collapsed, although Circle did not stop following the ambiguity ambitions.

Usdc issues will kickThe second largest US dollar in trading, which has become the backbone of many encryption trading and decentralized financial applications. Going to the public allows to reach deeper capital markets and increase organizational audit – which may help increase investor confidence in the wake of recent fluctuations in the encryption markets.

The entrance to the company comes to the New York Stock Exchange amid a renewed interest in digital assets, and since legislators in the United States weighs clearer rules for Stablecoins and its exporters, they may give the public’s exporters a feature.

Senator Bill Hajariti, the main sponsor of the Senate Stablecoin bill in Bloomberg earlier on Wednesday that the Senate needs to pass this legislation as soon as possible, on the pretext that it will protect consumers while maintaining more exporters and companies in the United States

“We have a wide agreement, regarding this Stablecoin legislation.” “I think this will take us to the twenty -first century, in terms of upgrading our payment systems … because each of these stablecoins will be supported in dollars against the US Treasury.”

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Update (4 June 2025, 22:18 UTC): My Hajar’s comment adds.