$USDC Circle's Spectacular IPO & Stock Surge

Circle Internet Group, issuer of USDC, raised $1.05 billion by selling 34 million shares at $31, valuing the company at ~$8 billion

Upon debut on the NYSE under the ticker CRCL, the stock rocketed 168%, closing around $83, giving Circle a market cap nearing $22 billion

This outstanding performance reflects strong confidence in stablecoins and could pave the way for more crypto-native firms to enter traditional markets.