Circle’s CRCL Shares Start Trading on NYSE
Summary
Circle, issuer of the USDC stablecoin, has begun trading on the New York Stock Exchange (NYSE) under the ticker CRCL. The public listing marks a significant milestone for Circle, co-founded by Jeremy Allaire and Sean Neville, aiming to transform the global economic system through internet-based financial systems. Circle's IPO was upsized to $1.05 billion, selling 34 million shares at $31 each, surpassing initial plans. The announcement has garnered attention from key figures in the crypto community. Allaire emphasized the importance of this development in integrating the global economic system with the internet.
