Circle to Increase Stablecoin IPO to $7.2B: Why Best Wallet Token Could Pump

With plans to list on the NYSE, stablecoin giant Circle has upsized its original IPO to a valuation of $7.2B. This signals significant momentum in the stablecoin market and strong investor appetite for crypto firms. Circle is the issuing company behind $USDC, the world’s second-largest stablecoin, after Tether.

The New York-based fintech launched its IPO on May 27. Aiming to raise $624M and targeting a valuation of up to $6.7B, it initially planned to offer 24M shares of its Class A common stock, with a price range of $24 to $26 per share.

How will this reflect on the growing crypto market, and why would altcoins like Best Wallet Token be best positioned to leverage this potential? Let’s discuss that below.

What Is Circle Doing?

From a target of $624M, Circle has upped the size and pri