Fintech firm Circle Internet Group, the issuer of the USDC stablecoin, on Monday increased the size and price range of its planned initial public offering (IPO). In a regulatory filing, Circle said it plans to offer 12.

Stablecoin issuer Circle Internet (CRCL) said on Monday that it is seeking a valuation of up to $7.2 billion in its initial public offering, raising its share count and pricing range ahead of its public debut on U.

Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized U.S. initial public offering, underscoring growing momentum in the stablecoin market.