From Yahoo Finance: 2025-06-05 17:37:00

Stablecoin issuer Circle’s $1.05 billion IPO could lead other crypto players to go public as the industry gains support from President Trump. Circle priced shares at $31, opening at $69 on NYSE and closing at $83.23. Analysts see potential IPOs from Kraken and Gemini. USDC stablecoin aims to revolutionize money transfer.

Circle’s IPO success signals growing demand for crypto in public markets, according to analysts. NYSE President calls it a positive indicator for IPOs overall. Fintech companies like eToro and Chime have seen strong market debuts. Interest in digital assets is rising, with high tech and blockchain-focused funds eager for new investments.

After FTX collapse, institutional investors were wary of crypto until Trump expressed support. He formed a working group for digital asset regulations, meeting with crypto executives. Congress is expected to pass stablecoin regulation, potentially boosting their widespread adoption. Crypto industry anticipates further growth with regulatory framework in place.



Read more at Yahoo Finance: Circle’s blockbuster IPO paves way for other crypto public listings