When the stock market opened on Monday, shares of Circle Internet Group, the issuer of the USDC stablecoin, increased by 23% to reach $133 per share. The current Circle share price is 329% higher than the original $31 price that Circle Internet Group listed on June 5, 2025, during its first day as a public company on the NYSE under the CRCL symbol.
Getting listed on the stock market and collecting $1.05 billion is a significant achievement for the crypto industry. Shares started out at $69 and finished the day at $83.23, giving a 168% profit. The stock reached $107.70 by Friday, and on Monday it hit an even higher mark with a strong 23% jump.
There has been strong demand because big investors such as BlackRock and ARK Investment Management are buying, and BlackRock is set to own 10%. People are confident in USDC becoming a commonly used digital currency and financial tool due to an environment in America that encourages crypto advancements.
Circle’s successful IPO, according to analysts, suggests that crypto stocks are getting a lot of attention and may encourage other industry companies to do the same.
Last week on Thursday, Circle’s stock tripled within minutes of the market open, causing the NYSE to halt trading multiple times due to high volatility. By day’s end, shares closed at $82.84 with a 167% gain from the IPO. The rally continued Friday, peaking at $123.51 before settling at $107.70 a 29% daily surge.
Also read : Weekly Wrap: Circle IPO Buzz, Bitcoin’s $100K Dip, Trump Wallet Controversy and More
