The USDC issuer Circle has officially listed on the New York Stock Exchange

ChainCatcher news, 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 with the internet."

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, and achieving a valuation of $6.2 billion. The stock code is "CRCL," and trading began today.

The IPO initially planned to issue 24 million shares but expanded to over 34 million shares due to surging demand. The USDC issued by Circle is the second-largest dollar stablecoin, and its listing comes as U.S. lawmakers push for stablecoin regulatory legislation.