The crypto company Circle soars 168% in its debut on Wall Street.
Crypto euphoria has marked another milestone in this Thursday's stock session. After months of rumors, Circle Internet Group, the crypto company that issues USDC, the second largest stablecoin in the market linked to the dollar, debuted this Thursday on the New York Stock Exchange with a rise of 168.48%.
Its shares closed at $83.23, more than doubling the price of $31 set in the initial public offering, a figure that had already risen before the debut amidst great market interest.
With this debut, Circle's market capitalization skyrockets above $19 billion.
With over $61.4 billion in USDC in circulation as of June 5, 2025, millions of end-users use USDC for payments, settlements, and as a digital dollar value reserve.
After its stock market debut, Circle joins the exchange Coinbase and companies like mining firms Mara Holdings and Riot Platforms, the few purely crypto companies listed in the US.
