Circle’s $1.1 Billion IPO: Surge of Institutional Interest in Stablecoins

Circle made its highly anticipated public debut on the New York Stock Exchange today, exceeding expectations with a strong IPO pricing and valuing the company at $1.1 billion. The company sold 34 million shares, raising a total of $6.9 billion. This second big cryptocurrency listing under the Trump administration follows eToro’s successful debut last month. Circle’s move aims to enhance investor confidence amidst recent market volatility and provide greater funding avenues for expansion.