Crypto: Circle Raises 7.2 Billion Dollars For Its IPO

Wall Street is preparing to welcome a new heavyweight entrant. Circle, the issuer of the stablecoin USDC, aims for a staggering valuation of 7.2 billion dollars for its initial public offering. A bold move that places crypto at the heart of traditional financial markets, undergoing regulatory and geopolitical transformations.

Circle: a robust IPO for a stablecoin giant

The operation stands out for its ambition: the issuer of USDC, Circle, targets a market valuation of 7.2 billion dollars for its listing on the New York Stock Exchange, under the symbol CRCL. To achieve this, the company plans to raise up to 896 million dollars by issuing 32 million shares, offered between 27 and 28 dollars.

This initiative comes after a period of uncertainty, during which Circle had suspended its IPO project due to unfavorable market conditions, notably the impact of the Trump administration’s economic policies on financial markets. This increase from the initial offer signals strongly that traditional investors are now interested in regulated crypto models.

In a market where boundaries between DeFi and institutions are blurring, this IPO could mark a turning point: the institutional validation of stablecoins as sustainable financial infrastructures… or their domestication, as evidenced by the S-1/A form filed by Circle with the SEC.

Solid Results, Strong Institutional Support

Besides targeting a public offering valuation of 7.2 billion dollars, Circle is not going it alone. Its dossier is supported by robust financial performance and heavyweight backers:

• 578.6 million dollars of revenue in Q1 2025;
• 64.8 million dollars in net profits for the same period;
• More than 60 billion dollars worth of USDC in circulation;
• Support from major players such as BlackRock and ARK Invest.

This profile is impressive, but it raises questions. Does institutional appetite reflect a long-term conviction or mere speculation on the imminent regulation of stablecoins? The risk of power concentration among a few crypto firms and traditional investment funds should not be underestimated. In the short term, this operation is a strong signal. But in the long term, it lays the groundwork for a new dependence on classical market dynamics.

Crypto: Towards an Era of Regulatory Legitimacy?

Circle’s IPO does not occur in a political vacuum. The Trump administration favors a more conciliatory approach to digital assets, with stablecoin-related bills currently under discussion in Congress. In this context, Circle is playing a strategic card: positioning itself as the white knight of regulated crypto.

Yet, this still embryonic regulation could well create a two-speed ecosystem. On one side, issuers endorsed by Wall Street; on the other, marginalized innovation. Circle does not embody a revolution but rather the gradual absorption of crypto into the traditional financial apparatus. An integration that can reassure… or worry.

By refusing Ripple’s buyout offer estimated between 4 and 5 billion dollars, Circle chooses to carve its own path to Wall Street, valuing its independence at 7.2 billion dollars. This strategic choice underlines Circle’s will to establish itself as a major and autonomous player in the stablecoin ecosystem. However, is independence a sustainable asset or a risk when facing giants with consolidation ambitions?