Stablecoin Giant Expands Share Offering

Circle Internet Financial has revised its IPO ambitions upward, now targeting 【$896 million】 through the sale of 32 million shares priced between $27-$28 each. This marks a 33% increase from its initial plan to offer 24 million shares at $24-$26, reflecting surging demand for exposure to the stablecoin sector.

BlackRock's Strategic Move

The offering gained momentum after reports revealed asset management titan BlackRock plans to acquire a 【10% stake】, validating Circle's projected $6.7 billion valuation. This development coincides with 【$94.2 billion】 in stablecoin transactions processed between January 2023-February 2025, underscoring the sector's explosive growth.

Regulatory Tailwinds Accelerate

——The timing couldn't be better—— as Washington advances crypto-friendly policies. Recent milestones include:

• The bipartisan CLARITY Act proposing clearer oversight frameworks

• SEC's new staking guidelines replacing enforcement-first approaches

• CFTC's anticipated approval of crypto perpetual futures contracts

Quiet Period Constraints

Circle maintains regulatory silence during the SEC-mandated quiet period, though SEC filings confirm the revised terms. Market observers note the offering's success could establish benchmarks for 【crypto-native】 companies seeking public listings amid evolving digital asset regulations.

As of June 2, the total stablecoin market capitalization stands at 【$162 billion】 according to DefiLlama data, with Circle's USDC maintaining its position as the second-largest dollar-pegged token. The IPO is expected to price later this month on the NYSE under ticker "CRCL."