The IPO of Circle (CRCL), the issuer of the USDC stablecoin, had a stellar debut on the New York Stock Exchange today, June 5, 2025. The shares skyrocketed, nearly tripling their initial offering price of $31, reaching a high of $103.75.
The company raised nearly $1.1 billion by selling 34 million shares, surpassing expectations. This success is attributed to strong demand from investors and a more favorable regulatory environment for cryptocurrencies in the U.S. Circle's IPO is a significant milestone for the crypto sector, signaling a growing acceptance of digital finance on Wall Street.
Total success for Circle and the crypto world.