USDC Issuer Circle Officially Listed on NYSE
USDC issuer Circle has officially listed on the New York Stock Exchange (NYSE). CEO Jeremy Allaire stated, "Our mission is to enhance global economic growth through frictionless value exchange, marking an important milestone in the irreversible integration of the global economic system and the internet."
The stablecoin issuer Circle completed its IPO on the New York Stock Exchange at $31 per share, exceeding the original expected pricing range of $24-26, raising $1.1 billion with a valuation of $6.2 billion. The stock is trading under the ticker "CRCL" starting today.
The IPO initially planned to issue 24 million shares, but due to increased demand, it expanded to over 34 million shares. Circle's USDC is the second-largest dollar stablecoin, and its listing comes as U.S. lawmakers push for stablecoin regulatory legislation.
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