$ADA Circle's first day on the market exploded, with the stock price once exceeding 100 USD!

Today, USDC stablecoin issuer Circle (CRCL) debuted on the New York Stock Exchange, with an IPO pricing of only 31 USD. During trading, it surged past 100 USD, currently reported at 75.90 USD, showing an astonishing increase. Wall Street officially welcomes a new player in the crypto space!

As 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 U.S. regulatory stance gradually becoming clearer and institutions like BlackRock actively positioning themselves, Circle is gradually building a bridge between the crypto world and traditional finance.

Of 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 if it deserves a future valuation in the hundreds of billions of dollars.

Regardless of whether 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 integration of Wall Street and on-chain finance.