📈 #CircleIPO Historic Debut on the Stock Exchange! 🚀

Circle, the issuer of the USDC stablecoin, debuted on the New York Stock Exchange (NYSE) under the ticker CRCL with an impressive performance. The shares were priced at US$ 31 and closed the first day at US$ 83.23, an increase of 168%, raising the company's market value to around US$ 19 billion .(fastcompany.com, techcrunch.com)

🔍 Highlights of Circle:

USDC: Second largest stablecoin, with approximately US$ 60 billion in circulation .

Transactions: Over US$ 25 trillion processed since 2018 .

Revenue: US$ 1.7 billion in 2024, primarily from earnings on reserves .(apnews.com, apnews.com)

This IPO not only marks a milestone for Circle but also signals the growing acceptance of stablecoins in the traditional financial system. With the support of major financial institutions and a more favorable regulatory environment in the U.S., Circle is well-positioned to lead the next phase of cryptocurrency integration into the global economy.

📊 Fun Fact: During the first day of trading, Circle's shares were halted several times due to extreme volatility, reflecting market enthusiasm .(fastcompany.com)