Circle Internet Group, Inc., the issuer of the USDC stablecoin, has raised its initial public offering (IPO) to $1.05 billion, pricing its shares at $31 each. This adjustment increases the offering to 34 million shares, up from the previous plan of 32 million shares priced between $27 and $28. Initially, Circle had intended to offer 24 million shares priced between $24 and $26. The new pricing reflects a total valuation of approximately $6.9 billion based on outstanding shares listed in regulatory documents. Notably, asset management firm BlackRock will hold at least a 10% stake in Circle following its public debut. The company is set to debut on the New York Stock Exchange on June 5, 2025. This development demonstrates Circle's growing momentum in the cryptocurrency market and potential shifting dynamics in the stablecoin sector.

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