$USDC USDC Market: Circle Hits Hard with Its IPO!
USDC, the dollar-backed stablecoin, is taking a new turn. Its issuing company Circle had a spectacular IPO on Wall Street on June 5, 2025:
đ +168% on the first day
đ° Raised $1.05 Billion
đŠ Estimated valuation: $7 to $8 Billion
USDC remains the #2 stablecoin, with a market capitalization close to $60 Billion, and a central role in DeFi, crypto payments, and global transfers.
To watch:
New US laws on stablecoins under discussion
Strong reliance of Circle on interest income
Growing impact of stablecoins on traditional finance
USDC is strengthening as a pillar of a regulated and interoperable Web3.
