Circle Goes Public at $31 Per Share, Landing $6.9B Valuation Amid Surging Stablecoin Demand

Circle, the company behind the USDC stablecoin, officially priced its shares at $31 in its Wall Street debut, securing a valuation of $6.9 billion and signaling renewed institutional appetite for crypto-aligned fintech firms.

The IPO exceeded expectations, with the final price landing well above the earlier $24–$26 range. Around 34 million shares were sold in total, raising approximately $1.1 billion, as reported by Bloomberg. The stock will begin trading Thursday on the New York Stock Exchange under the symbol CRCL.

The offering includes a mix of newly issued shares from Circle itself and shares sold by existing stakeholders, positioning the firm to capitalize on both fresh capital and investor liquidity.

This move comes nearly three years after Circle’s first attempt to go public via a SPAC deal collapsed. Since then, the company has focused on expanding USDC’s footprint in both traditional and decentralized financial systems, with the stablecoin now playing a key role in global crypto payments and on-chain settlements.

Circle’s public listing is viewed as a strategic milestone not just for the company, but for the broader stablecoin sector. The IPO coincides with increasing momentum in Washington to regulate digital dollars, and Circle may now find itself at the center of that conversation.

Senator Bill Hagerty, who is spearheading stablecoin legislation, reiterated the need for a clear regulatory framework in an interview Wednesday. “We need clarity and trust in this space,” he noted, adding that the proposed bill would require stablecoins to be fully backed by cash or U.S. Treasuries.

Circle’s successful debut may pave the way for other crypto-native firms eyeing the public markets—and it suggests investors see real value in companies bridging blockchain infrastructure and traditional finance.