$USDC The initial public offering (IPO) of The Circle Internet Group (CRCL) is finally here. The IPO price was $31, but CRCL quickly rose over 100% in its trading debut and closed the first day of operations at $83.23 (168% higher than the IPO price).

It has been a long road for Circle to get to this point, following the abandoned SPAC deal in 2022, and the lengthy campaign that followed to position USDC (USDC-USD) as a fully transparent and compliant stablecoin within the emerging global financial infrastructure. Circle's leading stablecoin, USDC, is currently the second most adopted stablecoin by market capitalization and transaction volume, with a market capitalization of approximately $61.5 billion and approximately 61.5 billion USDC in circulation, representing about 29% of the total stablecoin market share.