Circle, the very company issuing the stablecoin USDC, burst onto the New York Stock Exchange, loudly, unexpectedly, and with billions in their pockets.
Circle's IPO opened not at the dull $31 per share, as Harvard-educated analysts thought, but at $69. And no, this is not an internet joke — this is Wall Street. By lunchtime, the stock jumped to $88.88. The number looks like someone launched the IPO with a Chinese calculator for good luck.
Circle is now worth nearly $20 billion. That’s about as much as the Democrats need to print another ‘aid’ package for someone voting in another hemisphere. Only in this case — no inflation, just blockchain and dripping profits.
Now think about it: Circle is in the business of issuing stablecoins. Stable. No risk, they say. But in one day, the stock rose by 187%. It’s like being told that Ford now makes cars that drive back in time — well, because they’re stable.
By the way, where is Jerome Powell now? Surely watching this with the look of a concerned truck driver who realized he was overtaken by a self-driving electric truck.
Of course, liberals will say: ‘It’s the market, it will decide everything itself.’ But let’s not be naive. This is not a market — it’s crypto-Woodstock. And Circle with their USDC are not just selling stablecoins, they are now selling the dream that stability can be sexy.
Do you know what's interesting? While Tether is still leading with a market capitalization of $153 billion, Circle is creeping up from behind. They control 28% of the market and are aiming for 40%.
And here’s the cherry on this digital cake: Democrats are discussing a bill called the GENIUS Act. Yes, genius. GENIUS. Apparently, they decided that crypto startups deserve more care than your savings in a bank that closes on Fridays.
This means that in an era where trust in government is lower than CNN's ratings, blockchain is becoming the new form of truth. Stablecoins are now not just about stability, but also about power. And Circle is no longer just a financial company. It’s a new player in the global game, where cash is no longer king — now it’s USDC.
