Circle’s Market Cap Surges Past Its Own Stablecoin

Circle’s explosive entry into public markets has propelled its stock valuation beyond the supply value of its flagship stablecoin, USDC.

Just 12 trading days after its IPO, shares of Circle have skyrocketed over 700%, lifting its market capitalization to approximately $62 billion—eclipsing the $60 billion circulating value of USDC.

The offering, initially priced at $31 per share, stunned markets with a record-breaking debut, rising over 160% on its first day. Since then, momentum has continued as investor interest accelerated, fueled by optimism surrounding the stablecoin sector and favorable U.S. regulatory developments.

Analysts attribute part of Circle’s rally to the recent Senate approval of the GENIUS Act, a bill aimed at providing legal clarity for stablecoins. The legislation still awaits a House vote, but political signals suggest the bill is likely to pass, especially with Donald Trump indicating support.

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Circle’s fast-climbing valuation has reignited comparisons with peers. Legal analyst John Deaton speculated that if Circle maintains this trajectory, other firms like Ripple—holding billions in crypto reserves—could follow a similar path toward a $100 billion valuation.

While USDC remains central to Circle’s operations, the company’s public listing has opened a new chapter—one where the firm itself, not just its token, commands the spotlight.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.