The cryptocurrency company, which offers fully backed digital money for rapid global payments around the clock, priced its IPO above the expected range.

Circle started trading publicly on the New York Stock Exchange Thursday under the ticker CRCL, pricing its initial public offering at $31 per share. The company sold 34 million shares, raising $1.05 billion,

Circle’s stock price soared alongside its IPO, capturing Wall Street’s growing embrace of digital dollars for years to come, analysts say.