$USDC 🚀 #CircleIPO: A Historic Leap for Crypto! 💼📈
On June 5, 2025, Circle Internet Group Inc., the powerhouse behind USDC 💵, made its much-anticipated debut on the NYSE under the ticker $CRCL 🏛️✨
🔹 IPO Price: $31/share — above expectations! 💰
🔹 Capital Raised: ~$1.05B from 34M shares 💵📊
🔹 Valuation: ~$6.8B to $6.9B (Fully diluted: ~$8.1B) 🧮
🔹 Day 1 Surge: 🚀 CRCL skyrocketed 167-168%, briefly touching $96+ — a massive vote of confidence from Wall Street! 🧨📉📈
📌 Why it matters:
Circle’s IPO marks a monumental milestone for crypto infrastructure, signaling deep mainstream acceptance of stablecoins and the digital finance space 🌐✅
💸 Circle earns primarily from interest on USDC reserves, held in cash and U.S. Treasuries 🏦📝
🏛️ With stablecoin regulation in the spotlight, Circle’s listing is seen as the biggest crypto IPO since Coinbase (2021) — and a sign of things to come! 🔮