$USDC Circle's first day of listing was explosive, with the stock price briefly exceeding $100!

The issuer of the USDC stablecoin, Circle (CRCL), today debuted on the New York Stock Exchange, with an IPO price of only $31. During the trading session, it surged past $100, currently reported at $75.90, showing an astonishing increase. Wall Street officially welcomes the new crypto giant!

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 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.

Of course, challenges are intensifying. Tether still dominates the stablecoin market, and whether Circle can continue to expand its market share and improve revenue transparency will determine if it deserves a future valuation of hundreds of billions of dollars.

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.