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Circle’s Stock Rips by 175% on First Day of Trading Amid Flood of Interest in the Stablecoin Issuer’s IPO
The shares of the stablecoin giant Circle surged on its first day as a public company. In a post on the social media platform X, the issuer of the second-largest dollar-pegged stablecoin USDC and the euro-pegged Euro Coin (EURC) says its shares can now be traded on the New York Stock Exchange (NYSE).
The timing is razor-sharp. With crypto volatility through the roof, stablecoins are the ultimate safe harbor. Sure, Tether ...
Circle's $1.1 billion IPO on Thursday highlighted Wall Street's increasing interest in stablecoins, particularly Ethereum.
The point of a stablecoin is that it is highly predictable. These digital tokens, whose value is pegged to dollars or euros, ...
Stablecoins are a fast-growing corner of the cryptocurrency industry that offer a buffer against volatility because they are ...
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