Circle has increased its IPO target to $896 million, planning to offer up to 32 million shares at an IPO price range of $27 to $28 per share.
The increase in IPO target signals strong investor interest, with BlackRock reportedly planning to take a 10% stake in Circle's offering.
Stablecoin adoption is expanding amidst a favorable regulatory environment in the US, with $94.2 billion in stablecoin transactions settled between January 2023 and February 2025.
US crypto regulation has seen significant developments, including the CLARITY Act in Congress and new guidelines on cryptocurrency staking issued by the SEC.