đ Circle's Debut on the NYSE: A Historic Milestone for Stablecoins
Circle (CRCL) has just become the first stablecoin issuer listed on the NYSE â and it has arrived with a bang:
đ Summary of Day 1:
Opening: $69
High: $103.75
Closing: $83.23
After-hours: $111.15
Current valuation: +21 billion dollars
USDC market cap: $60B (2nd largest stablecoin in the world)
đ What does this change? Circle's listing raises the standard of transparency in the sector, pressuring competitors to better disclose their reserves.
đĄ Itâs a giant step to legitimize stablecoins in institutional markets.
Meanwhile, Bitcoin remains steady in the $104â105K range, even with the intense activity in the sector.
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