Circle's IPO signals further normalization of digital assets within public markets, adding to listings like Coinbase and Robinhood. Stablecoins like USDC are transitioning from payment

Stablecoin company Circle Internet Group is expected to list its stock on the New York Stock Exchange on Thursday in a long-awaited IPO.

Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized U.S. initial public offering, underscoring growing momentum in the stablecoin market.