Circle Internet Group, the issuer of the USDC stablecoin, made a blockbuster debut on the New York Stock Exchange on Thursday, with shares (ticker: CRCL) rocketing past $90, nearly tripling its IPO price of $31. The sharp surge even triggered a temporary trading halt due to high volatility.
The company raised $1.1 billion by selling 34 million shares, capitalizing on strong investor demand that pushed the offering price above earlier estimates of $24–$26. Circle’s CEO, Jeremy Allaire, called the IPO a “powerful milestone,” emphasizing the shift toward an internet-native financial system.
Circle is best known for USDC, the second-largest U.S. dollar-pegged stablecoin after Tether (USDT). While USDT remains dominant in supply, Circle’s U.S. regulatory positioning could give it an edge as demand grows for transparent and compliant digital assets.
Circle’s successful public listing highlights mounting confidence in regulated crypto companies and signals that traditional investors are increasingly bullish on the future of blockchain finance.
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