Circle's Initial Public Offering: A New Era in the Crypto Sector!
Circle, the issuer of the USDC stablecoin, began trading on the NYSE under the ticker symbol CRCL on June 5. Shares opened at the IPO price of $31, rose to $103.75 during the day, and closed at $83.23. Circle raised a total of $1.1 billion, reaching a market capitalization of approximately $18.4 billion. This successful IPO demonstrates the growing acceptance of crypto companies in traditional financial markets.
