Circle's IPO Debuts Explosively, Stock Price Surpasses $100!\nThe issuer of the USDC stablecoin, Circle (CRCL), today debuted on the New York Stock Exchange, with an IPO price of only $31, soaring past $100 during trading, currently reported at $75.90, with an astonishing increase. Wall Street formally welcomes the new crypto giant!\nAs the issuer of the USDC stablecoin, Circle not only serves the crypto market but is also seen as the cornerstone of the 'on-chain dollar'. With the regulatory stance in the U.S. gradually becoming clearer and institutions like BlackRock actively positioning themselves, Circle is gradually building a bridge between the crypto world and traditional finance.\nOf course, challenges are also intensifying. Tether still dominates the stablecoin market, and whether Circle can continue to expand its share and improve revenue transparency will determine whether it deserves a valuation in the hundreds of billions in the future.\nWhether it ultimately becomes a new generation of 'financial infrastructure' or a temporary funding frenzy, Circle's listing has already fired the first shot in the fusion of Wall Street and on-chain finance.