#TradingTypes101 $USDC Circle's Debut on the New York Stock Exchange with Trading Halt – CRCL IPO Price Tripled! 🚨

Circle Internet Group, which issues the stablecoin $USDC, has finally begun trading on the New York Stock Exchange (NYSE) — but just moments later, trading was halted because the stock price tripled its IPO price of $31!

The company had been trying to go public since 2021, but during the process, it canceled its plans and raised $1.1 billion. A few days before the CRCL debut, there were rumors that the IPO was oversubscribed — then this was confirmed.

🗣️ Circle CEO Jeremy Allaire wrote on X (Twitter):

"Our transformation into a public company is a very big and significant milestone. The world is ready to shift towards an internet-based financial system."

🪙 The current market capitalization of USDC is $61 billion. The stablecoin model is simple:

When users buy, coins are generated, and when they redeem, they are destroyed. For this reason, the market capitalization is a fairly accurate proxy of the supply.

💬 Jeremy Allaire further wrote:

"Twelve years ago, we envisioned creating a company that would redesign the global economic system in new ways. Today, Circle is listed on the NYSE under $CRCL!"

📈 The success of the IPO shows the growing confidence among institutions that stablecoins like USDC are the future of modern finance.

The rapid settlement of digital dollars and their programmability have become very attractive to traditional finance companies.

🏁 Final note from the CEO:

"There is now a race between private issuers and central bank digital currencies. Public trust and adoption are greater with market-driven models — and Circle's growth is proof of that."