Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.

The company aims to capitalize on renewed enthusiasm for digital assets driven by pro-crypto policy signals from the Trump administration and follows last week's IPO of stablecoin issuer Circle (CRCL), whose shares soared 168% on the first day of trading.

Circle joins Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in the U.S.

Brad Garlinghouse, CEO of crypto company Ripple Labs, stated at the Apex 2025 conference that he remains bullish on stablecoins – a sentiment he said is reinforced by the recent blockbuster Circle CRCL initial public offering (IPO).

More gains are in store for stablecoin issuer Circle (NYSE:CRCL) following a strong IPO debut this past Thursday. After pricing shares at $31, the stock more than doubled in its first day of trading,

Circle stock continued to surge on Monday for a third day in a row following the stablecoin issuer's blockbuster IPO last week.

By the close of Circle Internet Group’s first trading day on Thursday, June 5, its stock had rocketed to $88, a 180% jump from the price institutional investors paid for their shares in the underwriting led by JP Morgan,

Stablecoin issuer Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday, firing up the IPO market that has struggled to regain momentum.

BitMEX Research suggests Circle's post-IPO rise and treasury-backed model could make it a safer, more profitable play than MicroStrategy.