Circle Aims for $7.2B Valuation in Expanded USDC Stablecoin IPO Amid Strong Demand

Circle has significantly upsized its IPO plans, now offering 32 million shares priced between $27 and $28 each, up from an initial 24 million shares at $24-$26. This revised offering could raise up to $896 million, highlighting strong institutional interest in the stablecoin sector.

The issuer of USDC, the world’s second-largest stablecoin, reported a 55.1% year-over-year revenue increase to $557.9 million in Q1 2025, driven by Treasury yields backing the token. The IPO timing capitalizes on favorable crypto policies under the Trump administration, which has endorsed digital asset innovation.

USDC maintains its 1:1 dollar peg and ranks second only to Tether’s USDT in market cap. The expanded offering demonstrates market confidence in Circle’s business model and the growing role of stablecoins in global financial infrastructure.