Circle Raises $7.2 Billion in Mega IPO: Stablecoin Giant Eyes Public Market

Circle, the company behind the USD Coin stablecoin with a market capitalization of $60 billion, has boosted its much-anticipated initial public offering (IPO). The New York-based fintech is now seeking to raise up to $896 million at a fully diluted valuation of $7.2 billion according to its latest SEC filing. The move comes as investor interest in crypto companies surges and regulatory scrutiny for stablecoins grows in Washington. Heavy hitters like Ark Invest and BlackRock are lining up, eager to invest in the company’s IPO.