The issuer of the stabilized USDC, Circle Internet Group, officially listed on Thursday at the New York Stock Exchange, showed strong first-day stock prices, which were once more than 2.3 times higher. In pre-opening prices, the Circe valuation was about $6.8 billion, with a first-day closing market value of $1.67 billion, marking a major breakthrough in the open market for stabilizing the currency sector.
The IPO of Circle is priced at $31 per share, higher than the projected 27-28 per week and higher than the initial 24-26 per week. The opening price was $69.5, an increase of 124 per cent over IPO pricing; up to $103.75, an increase of 235 per cent; and $83.23, an increase of 168 per cent over IPO.
Circle sold 34 million shares through the IPO and some of the existing investors, raising some $1.05 billion, up from $230 to $250 million originally planned. The increase in IPO pricing from the original $24-26 to $31 reflects the strong confidence of the market in the Circle and the stable currency sector. On the first day of the transaction, stock exchanges exceeded 47 million shares and were suspended on several occasions due to high price fluctuations. This time IPO reinvigorated the IPO market in the United States in 2025 and was seen as a sign of a long-silent open market recovery.
Circle is the issuer of the second-largest stable currency in the world, USDC, whose market value exceeds $60 billion, after Tether’s USDT. USDC has a 1:1 anchor in United States dollars and is widely used in areas such as encrypted transactions, decentrization of finance (DeFi) and cross-border payments. By issuing and managing the interest income earned by USDC on transaction costs and reserve assets, Circle ‘ s business model is robust and scalable in the encryption industry. Based in New York, the company has become an important participant in the field of encrypted finance, with the extensive adoption and compliance advantage of USDC.
Circle’s IPO was the first publicly listed and stable currency issuer in the United States, marking an important step in the integration of the encrypted monetary infrastructure into traditional financial markets. As a bridge between encrypted transactions and payments, demand has surged in recent years, with total assets in the chain increasing by 26.1 to 236 billion dollars in 2025. The Circe listing not only enhances the brand credibility of USDC, but may also encourage more encryption companies to opt for IPO rather than issuing tokens.
Circle indicated that the company plans to use the funds raised by the IPO to accelerate technology development, expand the USDC application landscape and further meet regulatory compliance requirements.