🔹️🔸️ 📅 What happened on June 5, 2025?
On this day, Circle, the issuer of the USDC stablecoin, successfully listed on the New York Stock Exchange under the ticker "CRCL", becoming one of the standout stories in the world of cryptocurrencies this year.
🔹️🔸️ 📊 IPO Details:
Offering Price: $31 per share (above expectations of $24–26)
Shares Sold: 34 million shares
Proceeds: $1.1 billion
Demand: The offering was oversubscribed by 25 times
🔹️🔸️ 📈 Stock Performance on Listing Day:
Opened at $69, reached a peak of $103.75, and closed at $83.23$ , an increase of 168% from the offering price. An impressive performance reflecting market confidence in the company and stablecoins.
🔹️🔸️ 🌐 Significance and Reactions:
The largest listing in the cryptocurrency space since Coinbase 2021
USDC supports transactions of over $25 trillion
Jeremy Allaire, the CEO, expressed great pride
Significant interest from major investors like ARK Investment
🔹️🔸️ ❓Does Circle face challenges?
Yes, the company is competing with Tether and facing increasing regulatory pressures. However, this listing reflects a clear trend towards integrating cryptocurrencies into the global financial system.
