From Yahoo Finance: 2025-06-06 06:30:00

Circle raised over $1 billion in its NYSE debut, with shares opening at double their IPO price. This is the second attempt at going public for the stablecoin issuer, which benefits from increased interest in crypto from the US government, businesses, banks, and retail traders.

Bitcoin’s price is above $100,000, and the Senate is working on a stablecoin bill, aligning with President Trump’s pro-crypto stance. Big banks like JPMorgan Chase and Morgan Stanley are moving to accept crypto ETFs and assets, signaling a shift towards treating crypto more like traditional investments.

Brookings published a report highlighting potential risks of the pro-crypto era, including fraud and volatility in retirement plans. Regulatory confusion is evident as the SEC walks back approval of certain crypto ETFs, raising concerns. Despite red flags, Circle’s IPO indicates ongoing strong interest in crypto markets.

Read more: Circle Spirals Upward in $1 Billion IPO