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on June 2.Circle said that it has upsized the size and pricing range of its upcoming initial public offering (IPO), now targeting a higher valuation of up to $7.2 billion on a fully diluted basis.As reported earlier, Circle has filed for an IPO on the New York Stock Exchange under the ticker symbol "CRCL."Earlier, the firm was offering 24 million shares of its Class A common stock, which it has now raised to 32 million shares — in the hope of raising up to $896 million.It has also raised the IPO price range from $24-$26 a share to $27-$28 a share.Notably, Wall Street giants such as JPMorgan, Citigroup, and Goldman Sachs & Co. LLC are acting as the lead underwriters for the stock offering.Circle's USDC is the second-largest stablecoin.A stablecoin is a type of cryptocurrency that is created to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin. It is usually pegged to a fiat currency like the U.S. dollar or a commodity like gold.Pegged 1:1 to the USD, USDC accounts for nearly 25% of the total stablecoin market worth $248 billion. Even President Donald Trump-backed crypto venture World Liberty Financial has launched its stablecoin USD1, occupying a meagre 0.008% share as of now.Circle's latest move is a major development, given the recent stride forward taken by the stablecoin-related GENIUS Act in the Senate.Circle that rejected Ripple's acquisition offer has a major announcement first appeared on TheStreet on Jun 2, 2025This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures5,977.50 -4.00 (-0.07%)Dow Futures42,567.00 -31.00 (-0.07%)Nasdaq Futures21,684.00 -22.00 (-0.10%)Russell 2000 Futures2,107.10 +1.00 (+0.05%)VIX17.69 -0.67 (-3.65%)Gold3,375.50 -1.60 (-0.05%)PortfolioSign in to access your portfolioSign inTop gainersMLTX MoonLake Immunotherapeutics 48.55 +7.39 (+17.95%)FERG Ferguson Enterprises Inc. 211.36 +31.07 (+17.23%)SMMT Summit Therapeutics Inc. 20.62 +2.89 (+16.33%)NEGG Newegg Commerce, Inc. 6.21 +0.87 (+16.18%)DG Dollar General Corporation 112.57 +15.40 (+15.85%)Top losersPONY Pony AI Inc. 13.84 -3.61 (-20.69%)SOC Sable Offshore Corp. 24.04 -5.14 (-17.61%)RGC Regencell Bioscience Holdings Limited 609.10 -108.90 (-15.17%)SATS EchoStar Corporation 16.15 -2.06 (-11.31%)LRN Stride, Inc. 142.55 -15.78 (-9.97%)Most activeNVDA NVIDIA Corporation 141.22 +3.84 (+2.80%)LCID Lucid Group, Inc. 2.1900 -0.0100 (-0.45%)APLD Applied Digital Corporation 10.25 +0.11 (+1.08%)F Ford Motor Company 10.19 +0.21 (+2.10%)HIMS Hims & Hers Health, Inc. 54.73 -2.04 (-3.59%)Earnings eventsTrending tickersCRWD CrowdStrike Holdings, Inc. 488.76 +9.59 (+2.00%)CRWV CoreWeave, Inc. 150.48 +30.28 (+25.19%)WFC Wells Fargo & Company 75.65 +0.93 (+1.24%)HIMS Hims & Hers Health, Inc. 54.73 -2.04 (-3.59%)CEG Constellation Energy Corporation 313.03 -0.40 (-0.13%)Top economic events