#BigTechStablecoin Circle and its spectacular IPO

Circle, the issuer of the USDC stablecoin, had a remarkable debut on the New York Stock Exchange under the symbol CRCL. The stock price surged by 168% on the first trading day, reaching a market capitalization of approximately 18.4 billion USD. Major investors, such as ARK Invest and BlackRock, participated in this initial public offering.