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At $31 per share, the company's market value is $6.9b based on outstanding shares, and its fully diluted valuation is about $8.1b. Circle's USDC stablecoin has about 29% of the stablecoin market, with $61b worth of tokens in circulation as of May 29.
Circle was valued at $7.7 billion after a funding round in 2022, according to data provider PitchBook. The company had filed confidentially early in 2024 for a listing, more than a year after scrapping a bid to go public via a merger with a blank-check company. That deal would have valued the company at $9 billion.
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