On Thursday, shares of Circle, the issuer of the USDC stablecoin, made a remarkable debut on the New York Stock Exchange (NYSE) with the code #CRCL . Despite having to halt trading several times due to volatility, Circle's stock closed at $83.23, a 168% increase from the IPO price of $31.

The offering raised nearly $1.1 billion, bringing the market capitalization at the end of the day of #Circle to $18.4 billion. This valuation places Circle behind Coinbase ($85 billion at its launch in 2021) but ahead of newer companies like eToro (around $5 billion) and Fold (around $224 million).

Circle's success is expected to create a positive ripple effect for the entire M&A and cryptocurrency finance market. Casper Johansen, a partner at Spartan Group, stated that the IPO helps unlock liquidity for early investors while enhancing the financial capacity of listed companies to pursue M&A deals. This strengthens confidence for venture investors and boosts investment in early-stage projects.

Circle's strong performance on its first trading day indicates significant investor interest, especially amidst an increasing number of crypto companies aiming for IPOs under the cryptocurrency policy support of President Donald Trump. Circle's 168% increase is the strongest among recent listings of crypto-related companies, far surpassing the increases of Fold (30%), Coinbase (31%), and eToro (4%), while Robinhood fell more than 8% on its first day. #anhbacong