Circle, Nasdaq listing first day 168% surge... Stablecoin industry first record

Stablecoin USDC issuer Circle (Circle, Ticker: CRCL) was listed on Nasdaq on the 5th (local time) and received hot attention from the market from the first day. On this day, Circle's stock price started at an opening price of $31, soared to an intraday high of $103.75, and finally closed at $83.23. This is a figure that has risen by about 168% compared to the public offering price.

During the first trading day, more than 47.1 million shares of Circle were traded, showing high liquidity. As the first Nasdaq listing case for a stablecoin issuer, this listing is evaluated as a symbolic event that strengthens the connection between the cryptocurrency industry and the institutional financial market.

Circle is the issuer of the dollar-based stablecoin USDC, and through this listing, it has been able to not only raise funds but also target expanding influence in the future stablecoin regulatory environment. The industry sees this case as a positive signal for the IPO of other blockchain companies in the future.