#Circle扩大IPO规模 Circle's first day on the market exploded, with the stock price briefly surpassing $100!

The issuer of the USDC stablecoin, Circle (CRCL), today debuted on the New York Stock Exchange, with an IPO pricing of only $31. During trading, it soared past $100 and is currently reported at $75.90, an astonishing increase. Wall Street officially welcomes a new cryptocurrency darling!

As the issuer of the USDC stablecoin, Circle not only serves the cryptocurrency market but is also seen as the cornerstone of the 'on-chain dollar.' With the regulatory stance in the U.S. gradually becoming clearer and institutions like BlackRock actively positioning themselves, Circle is gradually building a bridge between the crypto world and traditional finance.

Of course, challenges are also intensifying. Tether still dominates the stablecoin market, and whether Circle can continue to expand its market share and enhance revenue transparency will determine whether it is worthy of a future valuation in the hundreds of billions of dollars.

Whether it ultimately becomes a new generation of 'financial infrastructure' or a temporary funding frenzy, Circle's listing has already fired the first shot in the integration of Wall Street and on-chain finance.