Circle Internet is betting on wider use of its USDC digital currency, which is redeemable one-for-one with the U.S. dollar.

Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of stablecoins. Circle, which plans to list 34 million shares on the New York Stock Exchange Thursday under the ticker symbol CRCL,

USDC issuer Circle has upped its IPO again to $1.05 billion ahead of its New York Stock Exchange debut later today.