Shares of Circle, the issuer of the USDC stablecoin, saw a significant increase of over 10% as the token expanded its reach to the World Chain, a blockchain developed by OpenAI CEO Sam Altman. This expansion enhances the efficiency and security of transactions on the platform and places USDC on 21 different blockchains, further solidifying its position as the second largest stablecoin. Circle's stock is trading significantly above its $31 IPO price, recently valued at approximately $28.34 billion. The recent integration also automatically upgraded bridged USDC tokens to the newly launched native USDC on World Chain, indicating a successful launch strategy post-IPO. Circle's stock performance surpassed notable tech companies' public debuts, reflecting strong investor interest in the firm. Additionally, the expansion of USDC aligns with a growing trend of cryptocurrency companies going public, with others like Gemini also preparing for IPOs.

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