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Circle CFO Takes Post-IPO Victory Lap for Stablecoin, Company

  • Circle Internet Financial became publicly traded on June 5, 2025, listing its shares in New York under the ticker symbol CRCL.
  • The IPO followed years of regulatory challenges and an aborted 2021 SPAC attempt valued at $9 billion amid uncertain crypto market conditions.
  • Circle raised $1.1 billion by selling about 34 million shares priced at $31 each, with institutional investors like BlackRock purchasing a 10% stake.
  • USDC, Circle's core stablecoin, has a market capitalization around $61 billion, is fully backed 1:1 by reserve assets, and plays a key role in DeFi and institutional payments.
  • This IPO grants Circle greater capital and regulatory scrutiny, positioning it to expand globally amid growing legislative clarity and competition in stablecoins.
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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Doulitsa Press Release Submission broke the news in on Thursday, June 5, 2025.
Sources are mostly out of (0)