From Yahoo Finance: 2025-06-02 10:43:00

Circle, issuer of USDC stablecoin, targets up to $7.2 billion valuation in IPO. Plans to offer 32 million shares priced $27-$28 each, up from initial 24 million shares at $24-$26. Interest from major investors like BlackRock and Ark Invest signals growing enthusiasm for Circle’s business.

Stablecoins gaining popularity in crypto market, now integral to DeFi, remittances, and traditional finance. Total market cap of stablecoins at $248 billion, with Tether’s USDT at $154 billion (62%) and Circle’s USDC at $60 billion. Stablecoins no longer niche, but widely used across different financial sectors.

BlackRock, world’s largest asset manager, may purchase up to 10% of Circle’s IPO shares. Ark Invest, led by Cathie Wood, intends to buy $150 million worth of stock. Growing investor interest in Circle’s business driving higher valuation expectations for upcoming IPO.

Circle IPO reflects broader trend of stablecoins’ increased utility and adoption in various financial sectors. Tether’s USDT dominates market at $154 billion, with Circle’s USDC at $60 billion. DeFi, remittances, and traditional finance incorporating stablecoins into their operations for efficiency and ease of use.

Read more: Circle Eyes $7.2B Valuation in Upsized U.S. IPO Amid Strong Investor Demand