The New York Stock Exchange welcomed Circle Internet Financial as its first stablecoin issuer on Thursday when USDC made its market debut and investors rapidly purchased shares of the crypto-focused company.
The IPO launched at $31 per share while the company increased its share offering from 32 million to 34 million. The first day of trading brought Circle shares above $96 before they finished at $83.23. The cryptocurrency market has not seen a public offering of this magnitude since Coinbase became a publicly traded company in 2021.
The stablecoin system of Circle includes USDC and EURC which function as stable assets because they maintain a fixed value to real-world assets while protecting users from cryptocurrency price fluctuations. The digital payments industry has adopted Circle as a trusted name because its stablecoins maintain relative stability.
The strong demand for the offering came from crypto fans and investors who wanted to participate in the expanding stablecoin market. The IPO demonstrated how stablecoins are becoming essential to traditional finance as Washington authorities complete their regulatory framework for this sector.
The NYSE listing of Circle under the ticker symbol “CRCL” marks a historic moment for both the company and the cryptocurrency industry because it aims to shift from digital asset specialization toward global financial participation.
