Circle Internet Group Inc. and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering that was priced above a marketed range, in a sign that stablecoin issuers are winning greater acceptance.

Circle Internet Group, the crypto firm that tried to go public in 2021 but ended up pulling its deal, will finally enter the public equities market. Late Wednesday, Circle raised $1.05 billion in one of the most anticipated IPOs of the year.

(Reuters) -Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.