Circle's IPO Soars 345%: What It Means for the Future of Stablecoins & Digital Finance
USDC Issuer's IPO success shows institutional hunger for blockchain-powered dollars, and sets a precedent for regulated digital finance
In a remarkable show of investor enthusiasm, Circle Internet Group Inc. (NYSE: CRCL) saw its stock skyrocket more than 345% from its IPO price of $31, hitting an intraday high of $138.57 before closing at $115.25 on June 9. The issuer of the USDC stablecoin—the second-largest dollar-backed crypto token—has captivated public markets, not just with its numbers, but with what it represents: a major leap forward in the mainstreaming of digital finance.
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