CRCL skyrockets in its debut on Wall Street as sentiment for stablecoins intensifies

Circle (CRCL) had a spectacular stock market debut on the New York Stock Exchange on June 5, closing the day with a 167% increase from its initial public offering price of $31, closing at $83 per share. The stock even rose to $104 during the day, evoking the euphoria of Coinbase's IPO in 2021.