- CRCL shoots more than 230% in its OPI, reaching 103.75 per share.
- Circle Internet Group issues the popular Stablcoin USDC linked to the US dollar.
- CRCL debuted selling 34 million shares to institutional investors for $ 31 each.
Update: Circle Internet Group (CRCL) The actions They shot 235% since their PAR price on Thursday afternoon after their debut was opened at 12:38 est. CRCL shares were scheduled to debut at $ 31 per share, but quickly rose to $ 103.75 in the first minutes in the New York Stock Exchange.
CRCL minute chart
Circle is the USD Coin issuer (USDC), the second largest stablcoin in the crypto industry for market capitalization. The USDC circulating offer is 61,48 billion dollars at the time of writing, near the market capitalization of Claude AI, Anthropic, during its last financing round.
USDC is linked to the value of the US dollar. The stablecoin issuer and certain sponsors raised 1.1 billion dollars in the OPI, selling $ 34 million for $ 31 each.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
