Circle Soars 200% After Record IPO Debut on NYSE

Circle’s stock price soared nearly 200%, exceeding its IPO price of $31 per share, marking a significant milestone in the stablecoin market. Opening at $69.33 on June 5, 2025, the shares reached an impressive $88.88 shortly after trading began. This surge reflects strong investor confidence in Circle’s leading role in developing and supporting stablecoins, particularly USDC. Circle’s successful IPO raised $1.1 billion, bolstering its position as a major player in this rapidly growing market.