The stablecoin giant Circle (CRCL) is set to debut on the NYSE tonight! It has expanded its fundraising scale to $1.1 billion, pricing at $31 per share, exceeding expectations.

According to the financial news app, Circle Internet Group (CRCL.US) and some of its shareholders expanded the size of its initial public offering (IPO) on Wednesday Eastern Time, raising nearly $1.1 billion, and priced above the previous market expectations range, indicating that stablecoin issuers are gaining wider market acceptance. According to a statement, the company and its co-founder and CEO Jeremy Allaire and other supporters sold 34 million shares at a price of $31 per share.