$USDC USDC, the U.S. dollar-pegged stablecoin issued by Circle, has been making headlines recently. Circle's debut on the New York Stock Exchange under the ticker "CRCL" was a resounding success, with shares opening at $69 and soaring to over $103 before settling at $83.23, marking a 168% increase on the first day. This surge reflects strong investor confidence in the growing role of stablecoins in the digital economy. Notably, prominent investors like Cathie Wood's ARK Invest acquired 4.48 million shares, underscoring institutional interest in the sector. Circle raised approximately $1.1 billion through the IPO, aiming to expand USDC's utility and reduce reliance on partners like Coinbase. Despite the potential for lower interest rates to impact reserve income, Circle anticipates that increased USDC circulation and diversification into transaction-related services will bolster long-term profitability.