From Cointelegraph

June 2, 2025 09:58:00 AM:

Circle has increased its IPO target to $896 million, offering up to 32 million shares at $27 to $28 each. This follows an earlier announcement of a $6.7 billion target valuation for the company. The move indicates strong investor interest in Circle amid a favorable regulatory environment in the US.

BlackRock eyes a 10% stake in Circle’s IPO, reflecting growing interest in stablecoins. Stablecoin transactions reached $94.2 billion between January 2023 and February 2025. Stablecoins are becoming integral to global payment infrastructure, supported by a positive regulatory landscape in the US.

US crypto regulation advances with the CLARITY Act splitting oversight between the SEC and CFTC. SEC Chair Paul Atkins signals a shift in approach towards the industry. New guidelines on crypto staking aim to provide clarity. Approval for on-shore crypto perpetual futures is also expected soon.

Read more at Cointelegraph: Circle raises IPO target to $896M amid investor interest