Six things to know about the Circle crypto IPO, happening this week
This week marks a major milestone for the Boston cryptocurrency scene: a crypto company founded here, Circle Internet, will start trading on the New York Stock Exchange.
The company was hatched in 2013 in the Harvard Square offices of General Catalyst, a venture capital firm, and it now manages a widely used “digital dollar” called USDC. Cryptocurrency users had put more than $60 billion into Circle’s USDC currency, as of last month.
Demand seems strong for Circle’s stock. On Monday, the company expanded the number of shares it will offer to public market investors. And the Trump administration has been signaling its support for the cryptocurrency industry, loosening regulatory oversight and dropping lawsuits against crypto…
