The stablecoin issuer Circle Internet Group successfully listed on the New York Stock Exchange (NYSE) under the ticker symbol 'CRCL', officially entering the public market. The IPO was priced at $31 per share, exceeding the expected range of $27 - $28, with 34 million shares offered, raising a total of $1.05 billion, and the company's valuation reached $6.8 billion. Circle's core product, the US Dollar Coin (USDC), is the second-largest stablecoin in the world, holding a 27% market share.

On its first day of trading, Circle performed spectacularly, opening at around $69, doubling the IPO price, briefly soaring to $103.75 during trading, and closing at $82, a 167% increase from the issuance price. Circle's successful listing marks an important milestone for the crypto industry, demonstrating strong investor interest in digital asset companies and injecting new vitality into the development of the crypto industry.