USDC issuer Circle debuts public trading on New York Stock Exchange

Circles public trading launch follows multiple IPO upsizings in response to massive demand from investors.

Circle, the issuer of the second-largest stablecoin by market capitalization, USDC, has begun trading on the New York Stock Exchange (NYSE).

Circle CEO Jeremy Allaire took to X on June 5 to announce the companys public debut of CRCL shares on the NYSE.

The companys public listing comes 12 years after Allaire co-founded Circle with Sean Neville with a mission to remake the global economic system by “re-imagining and re-building it from the ground up natively on the internet,” the CEO said.

“Our transformation into being a public company is a significant and powerful milestone — the world is ready to start upgrading and moving to the internet financial system,” Allaire noted.

Big event for crypto

Circles public launch came shortly after the company reported another upsizing of its initial public offering (IPO) to $1.05 billion, selling 34 million shares at $31 each. The IPO originally sought to offer 24 million shares priced between $24 and $26.

Allaires announcement on X has drawn attention from major figures in the crypto community, including Strategy co-founder Michael Saylor and Coinbase chief legal officer Paul Grewal, who were among the first to congratulate Circle with the NYSE listing.

“Congratulations, Jeremy — to you and the entire CRCL team,” Saylor wrote.

Source: Jeremy Allaire

“To every single person, project and firm whos been part of this journey, thank you. I am humbled and deeply grateful,” Allaire said in the announcement, adding:

“This is not only a moment for each of us personally, I believe it's a significant moment in the future development of our global economic system as it inexorably synthesizes with the internet.”

This is a developing story, and further information will be added as it becomes available.