As of June 25, 2025, the market capitalization of Circle, the issuer of the stablecoin $USDC , rose to $66.2 billion, exceeding the circulation of USDC ($61.3 billion), marking a significant milestone for the crypto industry. This surge occurred less than three weeks after Circle's IPO on the New York Stock Exchange (NYSE) on June 5, where the company's shares increased by more than 800%, peaking at $300. Such growth reflects a shift in perception of Circle — from a stablecoin issuer to a full-fledged player in digital finance.
Factors contributing to success include institutional interest, a transparent reserve model, and support for the GENIUS Act in the US Senate, which regulates stablecoins. Analysts note that this could signal the beginning of a 'stablecoin season', where assets like USDC displace altcoins. At the same time, the growth sparks discussions: is this a result of real value or a speculative bubble?
Circle plans to expand the USDC ecosystem, particularly through integration with $XRP Ledger and partnerships with traditional finance. However, experts warn of the risks associated with reliance on regulation and market volatility.
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