$USDC The crypto euphoria has marked another milestone in the stock session this Thursday. After months of rumors, Circle Internet Group, the crypto company that issues USDC, the second largest stablecoin in the market linked to the dollar, debuted this Thursday on the New York Stock Exchange with a rise of 168.48%. Its shares closed at $83.23, more than doubling the price of $31 set in the public offering, a figure that had already risen before the debut amid great market interest. With this debut, Circle's market capitalization skyrockets above $19 billion.

Since its launch in 2018 until the first quarter of 2025, USDC has been used for transactions worth more than $25 trillion, of which nearly $6 trillion corresponds only to this year, according to its co-founder, chairman, and CEO, Jeremy Allaire, in the brochure. By the end of March, the stablecoin had approximately a 29% market share of stablecoins, according to Bloomberg.

Circle, which is also the issuer of EURC, a stablecoin linked to the euro, goes public at a sweet moment not only for the industry but especially for the stablecoin market, which is booming. These assets are seen as a bridge between traditional crypto assets and fiat currencies, as their value is linked to a reserve asset, such as the dollar or the euro. Their more stable nature is attracting the attention of users, who use them as a substitute for cash in the crypto world, as a store of value to escape risk, as a way to buy and sell other tokens on an exchange, and as a means of payment. These assets have even caught the attention of banks, which are looking to enter this business and offer stablecoins among their services.