With Bitcoin (BTCUSD) prices up nearly 50% over the last year and currently trading above $104,000, the frenzy is clearly returning to the cryptocurrency arena. As evidence of this, the excitement surrounding the initial public offering of stablecoin issuer Circle,

Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach. Read why CRCL stock is a hold.

USDC issuer Circle's share price is still climbing on its second trading day as it came within pennies of quadrupling its $31 IPO price.

The cryptocurrency company, which offers fully backed digital money for rapid global payments around the clock, priced its IPO above the expected range.

Circle (CRCL, Financials) soared 168% on its first day of trading Thursday after the stablecoin issuer priced its long-anticipated initial public offering at $31 per share. The stock opened near $69 and closed at $83.

Circle goes public as stablecoin adoption and regulation hit a key turning point. Can $CRCL prove resilient if interest income becomes less reliable?

Circle shares surged on the company's New York Stock Exchange debut, climbing as high as $103.75, around 50% higher than its opening price of $69.

On June 5, Cathie Wood’s investment firm, ARK Invest, bought around 4.48 million shares of Circle Internet Group (NYSE: CRCL) on the day of its public debut. ARK Invest invested in the stablecoin issuer's 4.48 million shares valued at $373 million on its debut day, as per the stock's closing price of $83.23.