<ul><li>Circle, the issuer of USDC stablecoin, raised $1.1 billion in its IPO, priced above expectations.</li><li>Circle's IPO likely to price above its marketed range after attracting significant demand, with a potential market cap of nearly $6.2 billion.</li><li>Major investors like ARK Investment Management and BlackRock have shown interest in acquiring shares in the IPO.</li><li>US Congress is reviewing federal legislation on stablecoins to provide greater legitimacy and encourage institutional adoption, amidst rising attention on stablecoins.</li></ul>

USDC Issuer Circle Raises $1.1B in Its IPO (Report)

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