Big investors like BlackRock want to buy Circle’s stock, showing a growing interest in stablecoins. Some people worry the IPO benefits early insiders more than the stablecoin industry itself. USDC stablecoin founding company,

Circle Internet Group, the issuer of the USDC stablecoin, upsized the price and range of its initial public offering in a filing with the Securities and Exchange Commission on Monday. Circle said it plans to sell 32 million shares in an IPO at a price range of $27 to $28 a share.

Circle Internet Group Inc. and its shareholders have increased the size and price of the company’s initial public offering, suggesting strong investor demand for the stock.