Tag: Circle

Massive IPO Success: Circle, issuer of the USDC stablecoin, raised $1.1 billion in its initial public offering (IPO) on June 5, 2025, with shares surging 168% from $31 to $83.23 by the close of its first trading day. Historic Surge: The stock peaked at $123.51 on June 6, nearly quadrupling its IPO price, though trading was halted multiple times due to volatility. Wall Street’s Crypto Embrace: Analysts see Circle’s IPO as a turning...

Circle launched the Circle Payments Network (CPN). Aiming to revolutionize cross-border payments using stablecoins like USDC and EURC. CPN could reduce costs and settlement times, potentially disrupting traditional systems like SWIFT. CPN will enhance financial inclusion with support from major banks and 20 design partners. Circle, a leading stablecoin issuer known for $USDC, unveiled the Circle Payments Network...