{"id":159209,"date":"2025-06-06T21:00:46","date_gmt":"2025-06-06T18:00:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=159209"},"modified":"2025-06-06T16:26:17","modified_gmt":"2025-06-06T13:26:17","slug":"ark-invest-makes-bold-bet-on-circle-as-stablecoin-giant-enters-wall-street","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ark-invest-makes-bold-bet-on-circle-as-stablecoin-giant-enters-wall-street\/","title":{"rendered":"ARK Invest Makes Bold Bet on Circle as Stablecoin Giant Enters Wall Street"},"content":{"rendered":"
ARK snapped up nearly 4.5 million shares\u2014worth over $370 million\u2014across three of its ETFs, signaling strong conviction in the stablecoin issuer\u2019s public debut.<\/p>\n
Trading under the ticker CRCL, Circle\u2019s shares opened at $31 but soared to a high of $96 before closing the day up 168%. The IPO\u2014Circle\u2019s third attempt after two prior efforts fell short\u2014was closely watched as a potential benchmark for other crypto-native firms eyeing the public markets.<\/p>\n
With USDC\u2019s $60 billion supply, Circle ranks just behind Tether in the stablecoin race. CEO Jeremy Allaire described the public listing as a leap toward modernizing finance through blockchain. The listing comes amid a fragile market climate, where Circle\u2019s success could influence the IPO ambitions of firms like Kraken and Animoca Brands.<\/p>\n