Stablecoin issuer Circle has officially gone public, marking a significant milestone in the mainstream adoption of digital finance. The company debuted on the New York Stock Exchange (NYSE) under the ticker symbol ‘CRCL’ after a highly anticipated and oversubscribed initial public offering (IPO). Orders for the stock were reportedly 25 times the number of shares available, prompting Circle to raise the IPO price to $31 per share, ultimately securing over $1 billion in capital. This IPO far exceeded market expectations and underscores strong institutional confidence in Circle’s role within the digital payments ecosystem.
Circle Envisions the ‘Money Layer’ of the Internet
In its public announcement, Circle highlighted its broader vision of building the “money layer of the internet,” underscoring its suite of offerings—USDC, EURC, and Circle Payments—as tools for creating frictionless global value exchange. The firm emphasized that going public is more than a financial event; it’s a stepping stone toward reshaping the global economic infrastructure through blockchain-native technologies. Circle thanked its stakeholders and supporters who helped bring this moment to fruition, framing the IPO as both a culmination and a new beginning.
Circle is now officially a public company, listed on the @NYSE under $CRCL.
— Circle (@circle) June 5, 2025
With @USDC, EURC, Circle Payments Network & more, we're pushing forward a future of frictionless value exchange.
We are not just building financial products. We are building the money layer of the… pic.twitter.com/spBzjMzsVY
CEO Jeremy Allaire Reflects on a Decade-Long Journey
Jeremy Allaire, Circle’s co-founder and CEO, shared his reflections on the company’s public debut via X (formerly Twitter), noting that the IPO is the realization of a vision more than a decade in the making. Allaire stated that Circle was built with the goal of reimagining the global financial system from the ground up, natively on the internet. He emphasized that the mission to boost global economic prosperity has always been at the core of Circle’s strategy. Allaire remains optimistic, stating, “We are just starting to realize that early vision.”
I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL!
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 5, 2025
12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up… pic.twitter.com/okcH0ys6Tc
The IPO drew significant interest from financial heavyweights such as Ark Invest and BlackRock. Ark reportedly considered purchasing up to $150 million in shares. Crypto exchange Coinbase, a longtime Circle partner, congratulated the firm, declaring, “The opening bell rings for all of crypto this morning.”
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Circle Upsizes IPO to $1.05B at $31 Per Share Ahead of NYSE Listing, Valuation Hits $6.9B
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