Circle’s IPO Fuels Global Dollarization Drive

Circle, the issuer of the USD-backed stablecoin USDC, is set to list on the New York Stock Exchange (NYSE) this Thursday under ticker symbol CRCL. This move aims to raise up to $896 million and signifies a significant milestone for Circle’s evolution beyond payments towards becoming a key player in global dollarization. The company’s journey started with a focus on cross-border payments before expanding into social payments, crypto exchanges, and ultimately stablecoins.