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Stablecoin heavyweight Circle soars in debut on the New York Stock Exchange
The stock price soared and opened at $69.50, a gain of 124 percent. In afternoon trading, shares traded at $92.68. Circle’s initial public offering is one of the biggest public listings for a crypto-related company in years.
While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.
The euphoric action harkens back to the 2021 Coinbase IPO, which didn't end well for those who piled in near the high.
In DeFi, a serious USDC rival for Circle is unlikely to emerge anytime soon, according to analysts at investment bank Compass Point.
USDC.e is a bridged version of USD Coin (USDC) deployed on the Plume blockchain via the Stargate protocol. It acts as a ...
USDC’s core promise is to always trade for one U.S. dollar. People depend on this consistent value to use it for transactions ...
Circle, which produces the USDC stablecoin, reached $1.05 billion in its eagerly awaited U.S. initial public offer (IPO). By ...
Circle Internet Group, the issuer of USDC, made a successful debut on the New York Stock Exchange, with shares surging 124% ...
The Russian Central Bank plans to allow domestic corporations to buy foreign stablecoins, but looks set to bar them from ...
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