CircleIPO
Circle, the issuer of the USDC stablecoin, made a remarkable debut on the New York Stock Exchange under the ticker CRCL. Priced at $31 per share, the stock surged to over $100 on its first day, closing at $83.23—a 168% gain . The IPO raised $1.1 billion, valuing Circle at approximately $6.9 billion .
This milestone reflects growing investor confidence in regulated crypto firms. Circle's journey to public markets included a failed SPAC attempt in 2022, but the successful IPO underscores its resilience and the increasing mainstream acceptance of digital assets. With USDC's $61 billion circulation, Circle plays a pivotal role in the stablecoin market .
The IPO also signals a broader revival in crypto-related public offerings, suggesting a maturing industry poised for further integration into traditional financial systems.
