Circle, the company behind the USDC stablecoin, is about to take a major step in the crypto industry. This week, it confirmed an expanded initial public offering (IPO), aiming to raise up to 896 million dollars in the U.S. market.
Target valuation: $7.2 billion
The company increased the number of shares offered and adjusted the price range per share. It now targets a total valuation of up to 7.2 billion dollars. This move strengthens Circle’s position as one of the global leaders in the crypto space.
Growth powered by USDC
Circle is the issuer of USD Coin (USDC), currently the second-largest stablecoin in circulation. With growing adoption across payment platforms, DeFi protocols, and cross-border transactions, USDC continues to gain trust for its stability and transparency.
Numbers on the rise
In Q1 2025, Circle reported over 550 million dollars in revenue from reserves alone. Despite rising operational costs, the financial performance shows a solid and expanding business.
What to expect from the IPO
The market is watching closely. If successful, Circle’s IPO could be a milestone for regulated digital assets and open the door for other crypto firms to seek capital through traditional stock markets.
