The Zhitong Finance App learned that Circle Internet Group (CRCL.US) and some of its shareholders expanded their initial public offering (IPO) on Wednesday EST, raising nearly US$1.1 billion, and the pricing was higher than previously expected by the market, indicating that stablecoin issuers are gaining wider market recognition. According to a statement, the company and supporters such as its co-founder and CEO Jeremy Allaire (Jeremy Allaire) sold 34 million shares for $31 each.

The Zhitong Finance App learned that Circle Internet Group (CRCL.US) and some of its shareholders expanded their initial public offering (IPO) on Wednesday EST, raising nearly US$1.1 billion, and the pricing was higher than previously expected by the market, indicating that stablecoin issuers are gaining wider market recognition. According to a statement, the company and supporters such as its co-founder and CEO Jeremy Allaire (Jeremy Allaire) sold 34 million shares for $31 each.