Circle Just Went Parabolic — Here’s Why That Changes Everything for Crypto IPOs
Circle, the issuer behind USDC, has pulled off one of the most explosive public market debuts in recent memory — surging 329% since listing on the NYSE under the ticker CRCL.
Starting at $31, the stock hit $133 in just five trading days, fueled by institutional powerhouses like BlackRock (10% stake) and ARK Invest. Monday alone saw a 23% spike, pushing Circle’s valuation into uncharted territory and forcing multiple NYSE halts due to volatility.
The First Crypto IPO to Break Out This Hard
The offering raised $1.05B, signaling serious appetite from Wall Street — not just for blockchain tech, but for profit-generating crypto firms with stablecoin dominance and regulatory traction.
Circle’s performance dwarfed expectations:
- Debut price: $31
- Day 1 close: $83.23
- Friday peak: $123.51
- Monday high: $133
All within five trading sessions.
What’s Fueling the Surge?
Institutional backing, strong fundamentals, and a shifting U.S. policy tone toward crypto all play a role. But the key driver is belief:
- USDC is now viewed as the most regulation-compliant stablecoin.
- Circle has a clear revenue model — rare in crypto.
- The IPO boom is real, and others will follow.
“This confirms what we’ve been seeing — mainstream capital wants in,” says Michael Schulman, CIO at Running Point.
Implications for Founders, Funds, and Crypto-Equity Traders
The floodgates are opening. Gemini has already filed for its IPO. Expect more names — wallets, infra, analytics firms — to follow. With ETFs live and prices up, equity markets are once again the exit path for late-stage crypto companies.
For traders? CRCL has become a proxy for U.S. crypto stability. For founders? It’s the clearest signal yet:
You don’t have to go offshore. You can go public.
Final Take:
Circle’s 329% post-IPO rally isn’t just a win for one company.
It’s a reset button for crypto's reputation in public markets.
Related Reads:
- Gemini Files for IPO After Circle’s NYSE Debut
- Solana ETF Approval Odds Hit 90% — SEC Fast-Tracks Review, Staking May Be Included
- SEC Eyes “Innovation Exemption” for DeFi — Here’s What It Means for Builders and Token Launches
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