**Crypto Today: Circle’s NYSE Debut, JPMorgan’s ETF Move, and Stablecoin Surge**

🚀 **Circle Lands on NYSE with $1.05B IPO**

Circle, the issuer of USD Coin (USDC), the second-largest stablecoin, made its highly anticipated debut on the New York Stock Exchange today, trading as CRCL.

Initially aiming for 24 million shares at $24–$26 each, robust demand prompted Circle to offer 34 million shares at $31 apiece, valuing the company at $6.9 billion. CEO Jeremy Allaire hailed the IPO as a milestone for a more internet-driven financial ecosystem, earning applause from industry figures like Michael Saylor and Coinbase’s Paul Grewal.

**IPO Snapshot:**

- Shares: 34 million

- IPO Value: $1.05B

- Valuation: $6.9B

- Ticker: CRCL

🏦 **JPMorgan Backs Crypto ETFs for Loans**

In a bold step, JPMorgan will soon permit clients to use crypto ETFs, starting with BlackRock’s iShares Bitcoin Trust (IBIT)—the largest U.S. spot BTC ETF, holding $70.1B in assets—as collateral for loans.

This move reflects growing confidence in digital assets among traditional banks, potentially enabling investors to leverage crypto ETFs in net worth calculations for borrowing.

📈 **Stablecoins Steal the Show**

Circle’s IPO shines a light on the booming stablecoin sector. Ethereum solidifies its role as a stablecoin and DeFi powerhouse, with $480B in stablecoin volume last month.

Bitcoin hovers around $104,800, though analysts caution that global tariff uncertainties could pose near-term challenges.

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