#CEXvsDEX101

On June 5, 2025, Circle, the issuer of the stablecoin USDC, launched its shares for public subscription on the New York Stock Exchange under the ticker symbol CRCL. The stock was priced at $31, but opened trading at $69 and peaked at $103.75, reflecting a 235% increase from the offering price. Circle raised approximately $1.1 billion from the sale of 34 million shares, raising its market value to nearly $20.4 billion. This move is one of the largest public offerings of a company operating in the digital currency space since the listing of Coinbase in 2021, and reflects growing investor confidence in stablecoins and their role in the digital financial system.