Circle Internet Group’s shares saw a remarkable surge, rising over three times its opening price of $31 and bringing in $1.1 billion through its IPO. The fresh capital is expected to support the growth of Circle’s USDC stablecoin, which is tied directly to the value of the U.S. dollar and can be redeemed on a one-to-one basis.
The success of crypto firms that have had IPOs is a boon for the entire industry, and entities like Canaan Inc. (NASDAQ: CAN) applaud such progress since a win for one company is a win for all within the…
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