Circle's share price has surged in its second trading day after its IPO, coming close to quadrupling its initial $31 price, reaching $123.51 before midday. This marks a significant interest in the company, especially as its market cap hit $21.7 billion after its debut. The increase comes alongside a rebound in Bitcoin prices, which crossed above $105,000. Experts caution investors to be wary of potential price corrections post-IPO due to lockup periods which could see insiders selling their shares. Circle's strong showing is attributed to its business model centered around USDC and a favorable regulatory environment, with the anticipated GENIUS Act aimed at stablecoin guidelines gaining traction in Congress. Analysts express optimism for stablecoins as their positioning in the financial system strengthens.

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