Circle Debuts on NYSE, Becomes First Stablecoin Issuer to Go Public in the US
In a landmark moment for the crypto industry, Circle, the issuer of USD Coin (USDC), officially went public today on the New York Stock Exchange (NYSE) under the ticker CRCL. Shares began trading at $31, making Circle the first major stablecoin company to be listed on a US stock exchange.
This debut marks a new chapter not only for the Boston-based fintech firm but also for the growing intersection between traditional finance and blockchain-powered digital assets.
Circle’s IPO Signals a Turning Point for Crypto
Circle’s journey to becoming a public company has been years in the making. The firm, which was founded in 2013 with the vision of building a digitally native global financial system, sees this move as a milestone in achieving that long-term mission.
In the days leading up to the IPO, Circle raised its per-share price and added 8 million more shares, signaling strong investor appetite. Early estimates suggest the company is on track to raise over $1 billion, giving it substantial capital to scale further.
I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL!
— Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire) June 5, 2025
12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up… pic.twitter.com/okcH0ys6Tc
“This IPO is not the end—it’s the beginning of a new era for Circle,” said CEO Jeremy Allaire, reflecting on the company’s twelve-year journey and reiterating its commitment to reimagining global finance.
USDC's Rising Influence
Circle may not be the largest stablecoin issuer—that title still belongs to Tether (USDT)—but it's closing the gap. USDC is currently the 7th-largest cryptocurrency, with a market cap of $61.4 billion and surging trading volumes.
This week alone, cross-chain USDC transactions hit an all-time high, showing that the stablecoin is not just growing in size but in real-world utility across decentralized finance (DeFi), payments, and tokenized asset markets.
What Going Public Means for Circle—and Crypto
While Circle’s operations aren’t expected to shift dramatically overnight, going public brings higher transparency, regulatory oversight, and potentially increased institutional trust. It also arms the company with new resources to invest in infrastructure, expand globally, or compete more directly with Tether for stablecoin market dominance.
The move also signals something broader: that crypto-native companies are increasingly crossing over into mainstream financial markets. And with Circle now trading publicly, others may soon follow.