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Circle, Issuer of Second-Largest USD Stablecoin USDC, Debuts on NYSE with Impressive 170% First-Day Gain
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Author：小编
Circle, the issuer of the world's second-largest USD stablecoin, USDC, made a triumphant debut on the New York Stock Exchange under the ticker symbol CRCL. On its opening day, the stock witnessed a remarkable surge of 168.5%, vaulting its market capitalization to over $18 billion. The initial public offering (IPO) generated a total of $1.054 billion, with institutional subscriptions overwhelming the offer by over 20 times. Since its establishment in 2013, Circle's flagship product, USDC, has achieved a circulation of $60.1 billion, capturing 29% of the stablecoin market. In 2024, the company's revenue soared to $1.676 billion, primarily fueled by interest income derived from USDC reserve assets.
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