Circle, a major issuer of the USDC stablecoin, saw its stock soar on its first day of trading, closing at $83.23 per share, a 168% increase from its IPO price of $31. This success reflects growing investor interest in cryptocurrencies and stablecoins, especially with supportive regulatory environments. Circle’s market capitalization reached approximately $16.7 billion, raising optimism for upcoming IPOs in the tech and fintech sectors. The company raised about $1.1 billion through the offering, marking a significant milestone after previous attempts to go public via SPAC fell through. \n— new from TechCrunch
