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The USDC issuer Circle has officially gone public on the New York Stock Exchange.
BlockBeats News: On June 5, USDC issuer Circle has been officially listed on the New York Stock Exchange (NYSE), CEO Jeremy Allaire said, "Our mission is to elevate global economic growth through frictionless value exchange, which is an important milestone in the irreversible integration of the global economic system and the Internet." Stablecoin issuer Circle completed its IPO on the New York Stock Exchange at $31 per share, beating its original pricing range of $24-26, raising $1.1 billion and valuing it at $6.2 billion. The ticker symbol is "CRCL" and trading will begin today. The IPO was originally planned to issue 24 million shares, but it expanded to more than 34 million shares due to a surge in demand. USDC, issued by Circle, is the second-largest dollar stablecoin, and its listing comes at a time when U.S. lawmakers are pushing for a stablecoin regulatory bill.