Reported 2 days ago
Circle Internet has successfully raised $1.05 billion through its upsized U.S. initial public offering, pricing its shares at $31 each. This event highlights the growing momentum within the cryptocurrency sector and positions Circle, which issues the USDC stablecoin, at a valuation of approximately $8 billion. As one of the largest IPOs of the year, Circle's listing signifies increased institutional interest in stablecoins and aims to further integrate cryptocurrency into traditional finance.
Source: YAHOO