USDC issuer Circle goes public with a big pump, bringing new opportunities to the stablecoin market.

The issuer of the world's second largest stablecoin USDC recently went public on the New York Stock Exchange, with its stock price rising big pump by 168.48% on the first day, closing at 83.23 USD, with a market capitalization exceeding 18.5 billion USD. The next day, the stock price continued to rise by nearly 30%. This listing event has sparked widespread attention in the financial markets towards stablecoins.

Currently, the global market capitalization of stablecoins has exceeded 250 billion USD, with USDT and USDC accounting for 86% of the market share. Circle has adjusted the opening price multiple times before going public, reflecting that the market's enthusiasm for stablecoins far exceeds expectations.

Meanwhile, the Hong Kong Special Administrative Region government announced that the "stablecoin regulation" will be officially implemented on August 1, 2025, and the stablecoin legislation in the United States is also being drafted. These measures further promote the popularity of stablecoins in the financial market.

Four years ago, a large American cryptocurrency exchange went public on Nasdaq, with its market capitalization exceeding $112 billion on the first day of trading. Although it later went through a period of adjustment, this listing event showed the traditional financial market the potential of the emerging financial market, paving the way for subsequent Bitcoin ETFs and various reserve assets.

Similarly, Circle's listing is of great significance. It has gained wider recognition for stablecoins and attracted the attention of traditional financial institutions. Demonstrating financial capability and company transparency through the listing is crucial for the development of stablecoins.

The co-founder of Circle stated that the IPO will bring more trust, compliance, and transparency to its stablecoin network, helping to establish partnerships with other financial institutions.

Although the development direction of stablecoins differs from Satoshi Nakamoto's original ideals, it partially fulfills some functions of decentralized currency to some extent. According to the latest report, the trading volume of stablecoins reached $33 trillion in the past 12 months, far exceeding the trading volume of PayPal and Visa.

Although the current market size of stablecoins is still small compared to traditional payment markets, it is expected to become a trillion-dollar market in the next 3-5 years. The listing of Circle may just be the beginning of stablecoin development, as it has the potential to be a key factor in driving the adoption of Web3 and cryptocurrency applications.

For investors and entrepreneurs, the stablecoin sector contains huge opportunities. Whether as financial innovators or service providers, there is hope to find one's place in this rapidly developing market. The future is full of possibilities, with risks and opportunities coexisting.