Circle Internet Group, Inc., the issuer of the USDC stablecoin, has increased its initial public offering (IPO) to $1.05 billion, surpassing its previously marketed range. The company is set to offer 34 million shares priced at $31 each during its debut on the New York Stock Exchange on June 5. This adjustment follows prior offerings, which included 32 million shares priced between $27 to $28, and an initial offer of 24 million shares at $24 to $26. The new IPO price positions Circle with a valuation of $6.9 billion, based on outstanding shares listed in a regulatory filing. Notably, investment giant BlackRock is expected to hold at least a 10% stake in Circle post-IPO. This development reflects Circle's growth in the stablecoin market, particularly with its USDC offering, as demand continues to rise amid regulatory and market evolution. The article indicates that further information will be released as the situation develops.

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