The post What’s Behind USDC’s Wild Debut? appeared on BitcoinEthereumNews.com.

Circle’s IPO Success on Wall Street Circle Internet Group, the fintech giant behind the USDC stablecoin, made a stunning entrance to the New York Stock Exchange (NYSE) this week. Trading under the ticker CRCL, the stock debuted on Thursday at $69 and soared as high as $104 intraday, closing the day at $83.23—a whopping 168% jump from its IPO price of $31. The IPO didn’t just impress—it made headlines. So, what is Circle, why did they go public, and what does it mean for the future of crypto and Wall Street? What is Circle? Circle is a fintech company best known for issuing USDC (USD Coin), the second-largest regulated stablecoin in the world and the 7th-largest cryptocurrency overall by market cap—valued at over $61.5 billion. Built on transparency, compliance, and reserve-backed stability, USDC is used across hundreds of exchanges, wallets, and DeFi protocols. Circle has long positioned itself as the institutional bridge between traditional finance and the crypto ecosystem, serving enterprises, banks, and payment platforms with real-time blockchain infrastructure. Why Circle Went Public Going public is a major milestone for Circle—but it wasn’t spontaneous. The IPO was years in the making and follows a previously failed SPAC merger in 2022. This time, Circle chose the traditional IPO route, a move seen as a strong vote of confidence in the long-term viability of crypto infrastructure players. Their IPO was upsized due to high demand, with shares priced at $31—above the expected range of $27–$28. Clearly, institutional investors were ready to bet big on Circle and the stablecoin economy. CRCL Price Analysis: How did the IPO Go for Circle Price? As of June 7, 2025, CRCL is trading at $107.44, showing slight consolidation after its explosive debut. The chart reflects some profit-taking, with a mild pullback from the $120 and $112 areas.…

---

Filed under: News - @ June 7, 2025 11:22 am