Circle Goes Public, Raising $1.1B on the NYSE
NEW YORK, June 5, 2025 — Circle Internet Financial has officially made its debut on the New York Stock Exchange (NYSE), raising $1.1 billion through its highly anticipated initial public offering (IPO). The public listing marks a major milestone for the fintech company, best known as the issuer of USD Coin ($USDC), the second-largest stablecoin by market capitalization.
Acquisition Talks Declined: Ripple and Coinbase Shut Out
Before its public listing, Circle was reportedly courted by two major players in the cryptocurrency industry. Ripple is said to have offered a $5 billion acquisition deal, which Circle ultimately declined. Shortly afterward, Coinbase was rumored to have engaged in undisclosed negotiations to acquire the company. Despite the potential for lucrative exits, Circle chose to remain independent, signaling a strong belief in its own long-term growth and vision.
USDC: A $60.9 Billion Anchor in the Stablecoin Market
Circle’s core product, USDC, has grown into a major force in the digital asset ecosystem. With a current market cap of approximately $60.9 billion, USDC is widely utilized across decentralized finance (DeFi), centralized exchanges, and institutional payment rails. Pegged 1:1 to the U.S. dollar and fully backed by reserve assets, USDC remains a leader in transparency and regulatory alignment among stablecoins.
A Strategic Shift Toward Public Accountability
The $1.1 billion in capital raised positions Circle to deepen its infrastructure, expand regulatory partnerships, and enhance trust within both crypto and traditional finance circles. The NYSE listing also marks a broader shift in the stablecoin industry as major issuers seek legitimacy through public markets and greater transparency.
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This article was created with AI assistance and curated by DNIR Staff for accuracy and editorial standards.
