USDC Becoming More Stable, Circle Gains Positive Momentum

On Friday, June 6, 2025, USDC continues to show its stability around $1, in line with its function as a stablecoin pegged to the US dollar. Amidst the volatility of the crypto market, the stability of USDC becomes the primary choice for investors seeking a hedge.

Positive momentum also comes from Circle, the issuer of USDC, which officially conducted an initial public offering (IPO) on the New York Stock Exchange (NYSE) under the stock code CRCL. Circle's shares opened at $69, surging from the initial IPO price of $31 and briefly touching $102 on the first day of trading.

Additionally, Circle through the USDC Treasury has burned 75 million tokens on the Ethereum network this morning. This move is seen as part of a measured and transparent supply management strategy.

Price stability, healthy supply management, and Circle's business developments make USDC an increasingly trusted digital asset in the Web3 and DeFi ecosystem.