FILE PHOTO: Figure logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration/File photo
(Reuters) - Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance.
A string of regulatory wins under a pro-crypto White House, corporate treasury adoption and inflows from exchange-traded funds have spurred listings from the sector, which recently surpassed a market value of $4 trillion.
