Circle Debuts on NYSE at $31 Per Share, Valuing Stablecoin Issuer at $6.2 Billion

circle officially entered public markets on the new york stock exchange under the ticker crcl, pricing its shares at $31 — well above the expected $24–$26 range. the ipo raised approximately $1.1 billion, giving the stablecoin issuer a valuation of $6.2 billion.

demand for circle’s shares exceeded expectations, prompting an expansion of the offering to 34 million shares. originally, only 24 million were set to be offered. this marks the second major crypto ipo under the trump administration, following etoro’s public debut.

circle, the company behind usdc, the second-largest u.s. dollar-backed stablecoin, has long aimed to go public. its first attempt via a spac deal in 2021 fell through, but it continued pushing toward a traditional listing.

with this move, circle gains access to broader capital markets and strengthens its positioning amid increasing regulatory scrutiny over stablecoins. the ipo also reflects a resurgence of institutional interest in digital assets, especially as lawmakers move closer to finalizing federal stablecoin regulations.