Circle Internet Group, the issuer of one of the world's biggest stablecoins, priced its initial public offering at $31 per share late Wednesday, above the expected range of $27-28 and giving the company a total market value of $6.

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.