Circle Hits NYSE at $31/Share—$6.2B Valuation Proves Stablecoins Aren’t Just ‘Crypto’s Boring Cousin’

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2025-06-04 22:05:29

Circle Debuts on NYSE at $31 Per Share, Valuing Stablecoin Issuer at $6.2 Billion

Wall Street finally gets a taste of the stablecoin craze as Circle—the powerhouse behind USDC—debuts with a $6.2 billion market cap. Not bad for a company built on ‘boring’ pegged tokens while crypto’s wilder cousins hog the volatility headlines.

Investors shrug off regulatory side-eye, betting that dollar-digital hybrids will outlast the hype cycle. Meanwhile, traditional finance veterans mutter about ‘yet another blockchain IPO’—right before checking their own portfolios.

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