USDC Issuer Circle Officially Listed on NYSE
USDC issuer Circle has officially listed on the New York Stock Exchange (NYSE). CEO Jeremy Allaire stated, "Our mission is to enhance global economic growth through frictionless value exchange, marking an important milestone in the irreversible integration of the global economic system and the internet."
The stablecoin issuer Circle completed its IPO on the New York Stock Exchange at $31 per share, exceeding the original expected pricing range of $24-26, raising $1.1 billion with a valuation of $6.2 billion. The stock is trading under the ticker "CRCL" starting today.
The IPO initially planned to issue 24 million shares, but due to increased demand, it expanded to over 34 million shares. Circle's USDC is the second-largest dollar stablecoin, and its listing comes as U.S. lawmakers push for stablecoin regulatory legislation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: BounceBit (BB) will unlock tokens worth approximately $9.75 million in one week
Trending news
MoreData: Currently, miners produce an average of about 900 bitcoins per day, while treasury companies and ETFs have a daily purchase volume of 1,755 and 1,430 bitcoins, respectively.
Bitcoin reserve companies had a net purchase of $1.2 billion last week, while ETFs had a net purchase of $3.236 billion during the same period.
Crypto prices
More
