Circle (CRCL) stocks can pump more than Crypto Assets! Soaring nearly 4 times on the 2nd day of listing.

Shares of stablecoin USDC issuer Circle continued to soar on the New York Stock Exchange on the second day, reaching as high as more than $120. The market is optimistic about stablecoins. (Synopsis: Analyzing the Game of Thrones Behind USDC: The Only Conundrum Coinbase Acquires Circle Is Price?) (Background supplement: Circle Payments Network mainnet launch: provides global institutional USDC, EURC real-time settlement) stablecoin USDC issuer Circle Internet Financial (CRCL) on the New York Stock Exchange (NYSE) IPO (IPO) performed well, hitting $123.51 the day after listing, nearly four times the offering price of $31. The IPO raised nearly $1.1 billion for Circle and set a record for the best listing of a cryptocurrency company in recent times. The market reacted to the superheated Circle listing at a higher-than-expected price of $31 per share. It opened at $69 on the first day of trading on June 5, reaching an intraday high of $103.75 and closing at $83.23, an increase of 168%. According to Bloomberg terminal data, trading has been suspended several times due to excessive volatility. The stock price continued to rise to $123.51 on June 6. Circle's performance far outperformed other recent IPOs of cryptocurrency and fintech companies. For example, Fold is up about 30% on its first day, Coinbase is up 31% in (2021 ), eToro is up just 4% in its (2023 SPAC ), and Robinhood is (2021 On the first day of ), it fell by more than 8%. Analysts: Stablecoin business affirmed Analysts noted that Circle's success reflects the market's recognition of the stablecoin business and investors' optimistic expectations for the industry's prospects amid rumored Trump's pro-crypto policies. Casper Johansen, Partner of Spartan Group, said: "The opening of the IPO market has an important ripple effect on the entire crypto M&A and funding market, not only freeing up liquidity for early investors, but also giving newly listed companies the firepower to trade M&A through cash and shares." Traditional financial institutions also recognize the importance of stablecoins. Visa's CEO has said that combined with Visa technology, stablecoins have the potential to revolutionize global finance. According to Visa, $3.8 trillion in stablecoin transactions has been processed in the past month. Institutional investors actively participate Well-known institutions have also shown strong interest. Cathie Wood's Ark Investment Management (ARK Investment Management) intends to buy up to $150 million, while BlackRock (BlackRock) plans to buy 10% of the IPO shares. Related reports Circle triggered circuit breakers three times on the first day of listing, CRCL broke through $100 intraday and rose as high as 235% Analysis of the Game of Thrones behind USDC: The only problem with Coinbase's acquisition of Circle is the price? 〈Circle (CRCL) Stocks can rise more than cryptocurrencies! The article soared nearly 4 times on the second day of listing" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".