Circle Internet Financial, the issuer of the USD Coin (USDC) stablecoin, made a remarkable debut on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. The company’s stock surged by 168% on its first day, closing at $83.23 per share, up from the initial public offering (IPO) price of $31. This impressive performance reflects the growing investor confidence in stablecoins and the broader cryptocurrency market.
The IPO raised approximately $1.1 billion, valuing Circle at over $18 billion. This milestone marks one of the most successful public listings for a cryptocurrency company, following Coinbase’s debut in 2021. Circle’s strong financials, including a net income of $64.79 million on $578.57 million in Q1 revenue, underscore its position as a leading player in the fintech space.
USDC, Circle’s flagship stablecoin, has facilitated over $25 trillion in transactions since its launch and saw $6 trillion in usage in Q1 2025 alone. The company’s move to establish its global headquarters in New York City ahead of the IPO signals its commitment to integrating with traditional financial markets.
Circle’s successful IPO is expected to pave the way for other cryptocurrency firms considering public listings, indicating a broader acceptance of digital assets in mainstream finance.
