Circle's debut on the market was explosive, with its stock price briefly surpassing $100!
USDC stablecoin issuer Circle (CRCL) today listed on the New York Stock Exchange, with an IPO price set at only $31. During trading, it surged past $100, currently reported at $75.90, a remarkable increase. Wall Street officially welcomes a new cryptocurrency giant!
As the issuer of the USDC stablecoin, Circle not only serves the crypto market but is also seen as the cornerstone of the 'on-chain dollar'. With the clarity of the U.S. regulatory stance gradually improving and institutions like BlackRock actively positioning themselves, Circle is progressively building a bridge between the crypto world and traditional finance.
Of course, challenges are intensifying. Tether still dominates the stablecoin market, and whether Circle can continue to expand its market share and enhance revenue transparency will determine if it deserves a future valuation in the hundreds of billions.
Whether it ultimately becomes a new generation of 'financial infrastructure' or a temporary funding frenzy, Circle's listing has already fired the first shot in the integration of Wall Street and on-chain finance.
