Circle Internet Group, the issuer behind popular stablecoin USDC, has successfully priced its initial public offering (IPO) at $31 per share, exceeding expectations and raising nearly $1.1 billion. This highly successful IPO signifies a major milestone for both Circle and the broader cryptocurrency sector. 📈 The offering reflects robust investor interest in Circle’s business model, driven by the increasing adoption of stablecoins across various sectors including DeFi, payment systems, and cross-border settlements. The final share price establishes a market capitalization of approximately $6.9 billion, further bolstering its position as one of the largest crypto-related IPOs in recent years.