Circle Internet Group, the issuer of USDC, began trading on the New York Stock Exchange, but trading was halted shortly after it started when its share price more than tripled from the $31 IPO price. This surge in value reflects significant investor enthusiasm as the company transitions to public status. Circle’s CEO Jeremy Allaire remarked on the importance of this milestone, stating that the company aims to modernize the global economic system. At the time of this news, USDC's market cap is about $61 billion, often seen as a reflection of the number of tokens in circulation. Commenting on Circle's IPO, Unity Wallet's COO emphasized the growing institutional belief that stablecoins like USDC will be foundational in modern finance. The dynamics between private enterprise and central bank digital currencies were also noted, suggesting increased competitive momentum for market-driven solutions in the financial space.

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