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Circle hikes IPO price to $31 per share ahead of NYSE debut

  • Circle Internet Group Inc. increased its IPO share price to $31 per share before its debut on the New York Stock Exchange.
  • Circle sold 34 million shares at $31 each, valuing the company at around $8 billion.
  • Founded in 2013, Circle is known for its popular stablecoin USDC, designed for secure digital transactions.
  • The IPO reflects an improving regulatory environment for cryptocurrencies and stablecoins in the U.S.

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