USDC Stablecoin Issuer Circle Stock Skyrockets in Trading Debut

Shares of fintech firm Circle Internet Group jumped in their debut Thursday on the New York Stock Exchange (NYSE).

Trading under the ticker “CRCL,” shares of the USDC stablecoin issuer opened at $69 after the upsized initial public offering (IPO) priced Wednesday at $31, above its expected range of $27 to $28. The shares finished at $83.23, rising almost as high as $104 in intraday trading.

USDC is the seventh-largest cryptocurrency, per CoinMarketCap, with a market cap of about $61.5 billion.

The price of bitcoin, the largest cryptocurrency, was recently a bit under $102,000.

UPDATE—This article has been updated since it was first published to reflect new price information.