Circle IPO Soars Dramatically
Since its IPO on June 5, Circle's stock price (the issuer behind the USDC stablecoin) has experienced a drastic surge—from $31 it skyrocketed to $134 due to positive sentiment and investor enthusiasm. This is solid evidence: crypto is not just a digital asset, but is starting to be regarded as mainstream in the capital markets.
2. A New Era of Crypto IPOs
After Circle, other major crypto companies like eToro, Galaxy Digital, Kraken, Gemini, and Ripple are also preparing to list on the exchange—alongside encouragement from the US government which appointed a crypto czar and relaxed regulations.
3. Galaxy Digital CEO Optimistic
Mike Novogratz, CEO of Galaxy Digital, believes that this is an important moment. There is an explosion of institutional adoption: Bitcoin is approaching its all-time high, stablecoins are increasingly trusted, and the entry of BlackRock & JPMorgan strengthens the new foundation of the industry.
