Circle's USDC Stablecoin Issuer Makes NYSE Debut
Circle's USDC Stablecoin Issuer Makes NYSE Debut
馃殌 Stablecoin Goes Wall Street
Circle, the company behind USDC stablecoin, has successfully completed its Initial Public Offering on the New York Stock Exchange. Trading under ticker $CRCL, shares opened at $31, exceeding initial price targets.
Key details:
- Raised $1.1 billion in capital
- Company valued at $6.2 billion
- First major stablecoin issuer to go public
- Marks significant milestone for crypto in traditional finance
This IPO comes as US regulators continue developing stablecoin frameworks, suggesting growing institutional confidence in regulated digital assets.
馃毃 BREAKING: Circle鈥檚 USDC now trading on NYSE under ticker $CRCL! 馃搱 IPO surged past expectations at $31/share, raising $1.1B and valuing Circle at $6.2B! 馃挜 A bullish bet on stablecoins amid looming US regulation.
Nasdaq Seeks to Expand Crypto ETF with XRP, SOL, ADA, and XLM
Nasdaq has submitted an application to the SEC requesting the addition of XRP, Solana, Cardano, and Stellar to their cryptocurrency index ETF. This move follows Hashdex's similar filing in March 2025. - Currently, U.S. crypto ETF exposure is limited to Bitcoin and Ethereum - If approved, this would mark a significant expansion in regulated crypto investment options - The application represents growing institutional interest in diverse crypto assets This development could potentially broaden mainstream access to cryptocurrency investments through traditional financial instruments.
Market Update & Circle IPO Launch
**Key Market Movements:** - BTC drops below $102K with all sectors in red - Circle ($CRCL) IPO launches on NYSE at $31, raising $1.1B - Truth Social submits Bitcoin ETF filing to SEC **Notable Developments:** - Major whale flips position: now holding 1,281 BTC (12x) and 35,939 ETH (25x) - James Wynn narrowly avoids liquidation with 74K USDC deposit - Xi Jinping signals openness to US cooperation after Geneva meeting - Gold reaches $3,390/oz amid market uncertainty - ECB expected to cut rates due to cooling Eurozone inflation ETH/USDT trading at $2,600.71 on OKX
Hong Kong Advances Stablecoin Regulation Framework
Hong Kong is implementing comprehensive stablecoin regulations through Chapter 656, set to take effect in August 2025. The legislation establishes a formal licensing system for stablecoin issuers and operators. Key points: - Mandatory licensing for stablecoin issuers - Consumer protection measures - Framework to support digital asset growth - Legislative Council approval in progress The move positions Hong Kong as a leading regulatory hub in the digital asset space, providing clear guidelines for industry participants while prioritizing market stability and user protection.
SWFT Blockchain Mobile App Relaunches with Enhanced Features
The SWFT Blockchain mobile app has resumed operations with several key features: - **Cross-chain swaps** now available for major cryptocurrencies including BTC, ETH, and USDT - **Deposit and withdrawal** functionality fully restored - New **AI-powered assistant** for swap optimization - Available on both iOS and Android platforms The app provides a unified interface for managing multiple blockchain assets with enhanced security features. Users can access real-time market insights through the SWFTGPT AI assistant. Download the app at [SWFT Blockchain](http://swft.pro/#Download)