Circle’s CRCL shares start trading on NYSE
Circle, the issuer of the USDC stablecoin, has officially debuted its public trading on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. This milestone follows a recent upsizing of the company’s Initial Public Offering (IPO) to $1.05 billion due to high investor demand. Circle CEO Jeremy Allaire announced the listing on June 5 and expressed gratitude towards the community, highlighting the importance of this transition for the future of the global economic system which he envisions as evolving toward an internet-native financial infrastructure. The NYSE debut marks a significant milestone for Circle, which was co-founded 12 years ago with a mission to revolutionize the economic system. Prominent figures in the cryptocurrency community, including Michael Saylor and Paul Grewal, have congratulated Circle on this achievement. Allaire emphasized the moment’s significance not just for the company but for broader developments in the global economy, suggesting a future that integrates more closely with the internet.
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