USDC

  • Circle opens at $69 on NYSE, with higher than expected premium over IPO price Circle started its first trading day with a price of $69, surpassing previous predictions of price discovery. The company held its IPO at $31, expecting to open at $44 for a much smaller premium. Circle’s stocks rallied during their debut on NYSE, rising to $69 in early trading. The newly public company with the ticker $CRCL even briefly climbed to $84.92, over 174% above its IPO price of $31. Circle Internet Group is trading 34M listed shares, for a valuation above $2.34B. The current valuation remains slightly lower than the recent proposals from Ripple, Inc., attempting to acquire the company for $5B, later increased to as much as $20B. Despite the offers, Circle aimed to fulfill its goal of becoming a publicly trading company. The CRCL shares were volatile in the first day, trading between $64 and a brief outlier of $103.75. The shares are still discovering their fair price, at a time when crypto and fintech companies are having a revival on the stock market. Jeremy Allaire, founder and CEO of Circle, stated the listing was one of the most exciting moments of his life. https://x.com/circle/status/1930648730803335571 Circle aims to go beyond a stablecoin issuer and build the payment layer for the Internet, spanning both crypto native uses and fintech for everyday payments. ‘At Circle, our mission is to raise global economic prosperity through the frictionless exchange of value has never wavered, and today I am proud to share that Circle is now a public company,’ said Dante Disparte, Chief Strategy Officer at Circle. The public trading for now avoids an acquisition, leaving Circle to develop as one of the widely accepted crypto companies, aiming for wide adoption. USDC boosted Circle’s position with full compliance Circle started its trading after 12 years of development, where the company focused more on compliance, while growing its supply of stablecoins more slowly. Circle’s assets expanded in the past year, after securing wide acceptance in the Euro Area for both USDC and EURC tokens. The asset adapted to multiple crypto-native uses, including DeFi and the Solana ecosystem, where USDC was integrated into meme trading. USDC still carries over $64.47B in value across multiple chains, doubling its supply in the past year. All USDC tokens are backed by real-world assets, compliant with EU-based MiCA regulations. The token managed to avoid delistings, taking up some of the niches of USDT, while also integrating with fintech apps. USDC returned to Stripe, and remains active in other leading payment apps. Circle was also among the first stablecoin issuers to add centralized controls of its tokens. Initially, the feature was taken with a dose of skepticism, but Circle proved instrumental in clawing back finds from hacks and scams. Currently, there are 292 reported frozen addresses by request of authorities. Circle was also called to freeze $57M from the wallets of LIBRA issuers, aiming to compensate those that lost from the meme token crash.

    Circle opens at $69 on NYSE, with higher than expected premium over IPO price
    June 5, 2025 News
  • Stablecoin issuer Circle debuts on Wall Street's NYSE at $31 per share

    Stablecoin issuer Circle debuts on Wall Street’s NYSE at $31 per share
    June 5, 2025 USDC
  • Binance controls 59% of all stablecoin reserves on CEXs, reveals data

    Binance controls 59% of all stablecoin reserves on CEXs, reveals data
    June 5, 2025 News
  • SEC wins $1.1M as crypto conman made a no-show in court

    SEC wins $1.1M as crypto conman made a no-show in court
    June 5, 2025 News
  • Stablecoins are the new Bitcoin, market cap hit a new ATH

    Keyrock Research: Stablecoins drive 30% of DeFi revenues
    June 4, 2025 News
  • Crypto lobby urges Senate to pass GENIUS Act without disruptive amendments

    Crypto lobby urges Senate to pass GENIUS Act without disruptive amendments
    June 3, 2025 Regulation
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  • Crypto's Circle seeks U.S. national trust bank charter to custody its own reserves

    Circle moves to cash in on strong IPO demand, upgrades funding goal to $896M
    June 2, 2025 USDC
  • Stablecoins blast through activity and volume records, boosting supply to $244B in May

    Stablecoins blast through activity and volume records, boosting supply to $244B in May
    June 2, 2025 News
  • At Bitcoin 2025, stablecoins overshadowed BTC. Here are some key takeaways.

    At Bitcoin 2025, stablecoins overshadowed BTC. Here are some key takeaways
    May 31, 2025 News
  • Stripe considers global stablecoin payments in partnership with banks

    Stripe considers global stablecoin payments in partnership with banks
    May 30, 2025 News
  • Polymarket returns to $1B monthly volumes in May

    Polymarket returns to $1B monthly volumes in May
    May 30, 2025 News
  • Burwick Law requests the freeze of LIBRA in the wallets of Hayden Davis.

    Burwick Law requests the freeze of LIBRA in the wallets of Hayden Davis
    May 30, 2025 News
  • Tether, Tron, B2B transactions dominate stablecoin markets, but Circle is on the come up

    Tether, Tron, B2B transactions dominate stablecoin markets, but Circle is on the come up
    May 29, 2025 Tether
  • Circle freezes $57M USDC from LIBRA team wallets

    Circle freezes $57M USDC from LIBRA team wallets
    May 28, 2025 News
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  • BlackRock to acquire 10% of $USDC issuer Circle IPO shares

    BlackRock to acquire 10% of $USDC issuer Circle IPO shares
    May 28, 2025 News
  • SUI community votes 'Yes' on unlocking hacker's funds to compensate Cetus traders

    SUI community votes ‘Yes’ on unlocking hacker’s funds to compensate Cetus traders
    May 28, 2025 News
  • Usual Protocol pauses contract after USD0 exploit

    Usual Protocol pauses contract after USD0 exploit
    May 28, 2025 News

  • Payment firm Worldpay introduces USDC for US and European markets
    May 27, 2025 News
  • Circle files for IPO on the NYSE after denying it ever planned sale to Coinbase or Ripple

    Circle files for IPO on the NYSE after denying it ever planned sale to Coinbase or Ripple
    May 27, 2025 USDC
  • CAKE reclaims monthly high as PancakeSwap surpasses Circle in weekly fees

    CAKE reclaims monthly high as PancakeSwap surpasses Circle in weekly fees
    May 27, 2025 News
  • Coinbase sued in class action over stock price drop tied to data breach reveal

    Coinbase sued in class action over stock price drop tied to data breach reveal
    May 26, 2025 News
  • US ETF inflows hit $437 billion YTD as investors embrace volatility

    US ETF inflows hit $437 billion YTD as investors embrace volatility
    May 26, 2025 News