Circle Internet Group, the issuer of the USDC stablecoin, has been a hot topic in the cryptocurrency and fintech worlds in recent days thanks to its successful debut on the New York Stock Exchange (NYSE).
* IPO and NYSE Debut (June 5, 2025): Circle entered the NYSE under the ticker CRCL. Its IPO was very successful, and the stock experienced a significant surge on its first day of trading.
* Final offering price: $31 per share (original range was $27-28 USD).
* Opened at: $69 per share.
* First-day closing price: $83.23 per share, representing a 168% increase over the IPO price. During the day, the stock climbed as high as $96 and even over $103.
* Funds raised: The company and existing shareholders raised approximately $1.05 to $1.1 billion USD from the IPO.
* Market capitalization: Based on the first-day closing price, the company's valuation was around $18-19 billion USD.
* High investor interest: There was enormous interest in Circle's IPO, leading to a multiple increase in the stock offering. Firms like BlackRock and ARK Investment Management also showed interest among investors.
* Strategic milestone: The stock market listing is a significant milestone for Circle and the entire cryptocurrency sector. CEO Jeremy Allaire stated that the world is ready for modernization and a shift to an internet-based financial system.
* USDC Growth: The USDC stablecoin has seen a significant increase in market capitalization over the past year, climbing above $61 billion USD, which is a record high and surpasses the bull market peak of 2021.
* Regulatory environment: Circle's market entry comes at a time when legislation is being developed in the US to regulate stablecoin issuers. This is expected to potentially benefit companies like Circle, while also opening the door to competition from the banking sector.
Current Stock Value:
The latest reports from Friday, June 6, 2025, indicate that CRCL shares continued to grow and shortly after market open were trading around $98 USD, with brief fluctuations above $103 USD.
Circle is in the spotlight due to its successful market entry, which signals growing market interest in regulated digital assets and stablecoins. The company is well-positioned for further growth, especially given the increasing capitalization of USDC and potential favorable regulatory changes.
