Circle Stuns Wall Street With 167% IPO Pop as Stablecoins Go Mainstream

The crypto world’s quiet giant made a thunderous entrance to Wall Street yesterday as Circle, issuer of the USDC stablecoin, saw shares rocket 167% in their NYSE debut.

Trading under ticker CRCL, shares opened at $31 before peaking at a staggering 235% gain and settling at $82 by close.

This explosive performance – one of the strongest fintech debuts in recent memory – signals growing institutional acceptance of stablecoin infrastructure.

The offering was so oversubscribed that Circle expanded it to $1.05 billion, with 34 million shares hitting the market.