Circle Internet is betting on wider use of its USDC digital currency, which is redeemable one-for-one with the U.S. dollar.

Fintech firm Circle Internet Group on Wednesday priced its upsized initial public offering above its expected range. Shares are expected to debut Thursday on the New York Stock Exchange under the ticker "CRCL.

Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion.