Circle Internet Group Inc. (CRCL), the issuer of the USDC stablecoin, made a blockbuster debut on the New York Stock Exchange today, with shares surging more than 206% by hitting $100 in early trading.
The $CRCL opened at $66 but quickly soared to $102.92, marking one of the most dramatic IPO day rallies for a fintech firm in recent years. The trading volume crossed 9.86 million shares by 12:50 PM EDT, reflecting intense investor interest.
The bullish sentiment by market participants has provided the 200% premium over its initial public offering price of $31.
At press time price has dropped down to $79.56, showing great volatility in the market.
According to data from the market dashboard:
- Day’s Range: $66.60 – $103.75
- Market Cap: $17B
- 52-Week Range: $66.60 – $103.75
- Previous Close: $31.00
Circle’s listing comes at a pivotal moment for the crypto industry, as regulators and institutions increasingly embrace blockchain-based financial infrastructure. The IPO, long anticipated since Circle first filed to go public, was seen as a bellwether for the broader stablecoin market.
The rally positions Circle among the top-performing IPOs of 2025 and strengthens its foothold in traditional financial markets. Analysts say the surge signals strong market confidence in regulated digital finance and the growing role of USDC as a stable, compliant digital dollar alternative.
Also Read: Stablecoin Issuer Circle Goes Public on NYSE with CRCL Ticker
