#CircleIPO

Circle IPO Makes Waves on NYSE

Circle, issuer of the USDC stablecoin, made a powerful debut on the New York Stock Exchange under the ticker "CRCL." Priced at $31 per share, the IPO raised $1.1 billion—above expectations. Shares surged 123% on opening day, reaching a high of $103.75 and valuing the company at around $18 billion.

Founded in 2013, Circle is behind USDC, the second-largest stablecoin with over $61 billion in circulation. The IPO comes amid improving U.S. crypto regulations and strong market interest. With backing from firms like J.P. Morgan and Goldman Sachs, Circle's success is seen as a major milestone for crypto adoption and may encourage other blockchain firms to pursue public listings.