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Circle's Stock Continues to Surge, Surpassing Coinbase and USDC Market Cap

2025/06/24 11:13 (Updated 2025/06/24 13:01)
CoinPost
Written by L.Kikutani
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Circle's Stock Continues to Surge, Surpassing Coinbase and USDC Market Cap

Concerns Over Overheating

Since its IPO on June 5, Circle Internet Group's stock has continued its rapid ascent. Initially priced at $31 for its IPO, the stock climbed an additional 10% in Monday's trading, marking an approximate sevenfold return since the IPO. During Monday's session, the stock price momentarily reached $298, pushing its market capitalization over $77 billion. This valuation surpasses the market size of its own stablecoin USDC, which stands at $61.5 billion, as well as the market cap of its partner cryptocurrency exchange, Coinbase.

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.