Circle Stock Soars Nearly 200% After IPO, Surging Past US$90 a Share

New York, 6 June 2025 – Circle Internet Group, the fintech company behind the USDC stablecoin, made a spectacular debut on the New York Stock Exchange on Thursday, with shares surging nearly 200% and momentarily triggering a trading halt due to the rapid price spike.

Trading under the ticker symbol CRCL, Circle's shares soared past US$90, far exceeding its initial public offering (IPO) price of US$31 per share. According to data from TradingView, the stock opened strong and quickly gained momentum, reflecting heightened investor interest and bullish sentiment toward crypto-related equities.

The explosive debut marks one of the most dramatic post-IPO performances in the tech and crypto sectors this year.

“Circle and its backers, including CEO Jeremy Allaire, successfully sold 34 million shares at US$31 each, raising approximately US$1.1 billion,” said the company in its official statement released on Wednesday.

Market analysts say the successful IPO signals growing confidence in blockchain infrastructure and stablecoins, even amid ongoing regulatory scrutiny in the United States and abroad.

Prior to listing, Circle revised its IPO price range from the initial US$24–26 to US$27–28 per share, citing robust institutional demand and a favourable market outlook. The company ultimately priced its shares at the upper end of expectations—yet that figure was quickly eclipsed by market enthusiasm.

Circle is best known for issuing USDC, the world’s second-largest regulated stablecoin by market cap, and a key player in global crypto payment ecosystems. Its strong market position and commitment to compliance have made it a favourite among institutions exploring on-chain finance.

While Thursday’s performance has generated excitement, analysts caution that crypto stocks can be volatile. Still, Circle’s IPO is being viewed as a bellwether moment for the digital asset industry, potentially opening the door for more blockchain-native firms to explore public listings.

The surge in share price temporarily triggered a volatility halt on the NYSE—a standard procedure designed to manage rapid price movements and protect investors. Trading resumed shortly after, with CRCL continuing to show strength into late afternoon.

“Today’s listing is a testament to the market’s belief in the future of regulated digital finance,” said Allaire. “We’re not just listing a company—we’re putting a stake in the ground for transparency, innovation, and financial inclusion.”

With the successful IPO under its belt, Circle is expected to use the newly raised capital to scale operations, further develop its USDC ecosystem, and explore cross-border payments and real-world asset tokenisation.

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