#NewsAboutCrypto #news_update #USDC #USDC✅ Stablecoins have gone public in the U.S.

On Thursday (June 5), Circle Internet Financial, the company behind the USDC stablecoin, debuted on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL,” and did so with a bang, tripling in price by the day’s close and making its founder a paper billionaire.

After pricing its initial public offering (IPO) at $31 per share, above the expected range, the stock opened at $69.50 and soared 168% during its first day of trading. Market interest caused the stock to surge so much that it was paused for volatility shortly after being listed. CRCL’s share price ultimately closed at $83.23, pushing the company’s value north of $18 billion.

The stablecoin issuer’s direct listing sees it join other firms such as Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in the U.S.

But Circle’s debut represents more than a successful fundraising event. It marks a broader cultural and economic shift. For years, cryptocurrencies have lived at the margins of institutional finance, oscillating between hype cycles and regulatory crackdowns.

With Circle’s entry into the public market, a new chapter looks set to begin.

With blue-chip banks underwriting the deal and retail investors clamoring for shares, the traditional finance world appears more open than ever to embracing digital assets.

Or, at least, the potentially regulated and transparent kind of digital assets.