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

(Reuters) -Circle Internet and some of its existing shareholders are aiming to raise as much as $896 million in an upsized initial public offering in the United States, the stablecoin giant said on Monday.