Circle’s stock soared to a new record high of $138.57 on Monday before experiencing some fluctuations. This impressive performance followed the company’s successful initial public offering (IPO). The offering was a blockbuster, generating a surge that saw shares jump 169% from their IPO price of $31 per share, marking one of the largest first-day gains in over 30 years for a billion-dollar IPO. Circle has eclipsed industry giants like Airbnb and Robinhood in market performance. The success also led to a notable rise in USDC’s market cap, with its current value exceeding 50% of the entire circulating supply. In a significant development, SBI Holdings, a long-standing partner of Ripple and an investor in Circle, has made a $50 million investment in the company alongside SBI Shinsei Bank. This investment aims to capitalize on the growing market interest in Circle and its USD Coin stablecoin. This move will provide direct access for Circle to the promising Japanese market via SBI VC Trade. The integration is expected to strengthen USDC’s foothold in the Asian nation.