Circle Internet Group Goes Public, Signaling Shifting Crypto Landscape

Circle Internet Group, the issuer of USDC (USD Coin), has made its debut on the New York Stock Exchange (NYSE), sparking significant shifts in the crypto market landscape. The IPO saw high investor interest, driving Circle’s valuation to $6.9 billion with shares surging 124% post-market, closing at $119.21. This marks a turning point for the industry, indicating a growing preference for regulated, stable digital asset infrastructure over traditional crypto stocks.