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Circle’s IPO sees its shares soar nearly 200%, reinforcing the growing appetite for blockchain-native companies in traditional finance.
What’s the Scoop?
- Monster Debut:
Circle shares surged nearly 200% after its IPO, reaching over $90 per share, well above its $31 IPO price. - Market Enthusiasm: Trading was so intense that it briefly triggered a halt on the New York Stock Exchange around midday.
- USDC and Regulatory Advantage: Circle's USDC, the second-largest stablecoin, benefited from its U.S.-based regulatory position amidst growing digital asset markets.
