<ul><li>Stablecoin company Circle Internet Group saw its stock price surge over 40 percent after its IPO on the New York Stock Exchange, raising $1.1 billion amidst strong demand.</li><li>Circle's stock price rose to over $120 on Friday, significantly higher than its $31 initial offer price, valuing the company at about $23bn.</li><li>This IPO marked the largest first-day rise for a US IPO raising more than $100m since Sono Group in 2021, indicating a growing mainstream acceptance of stablecoins amidst regulatory developments.</li><li>Circle's USDC stablecoin, holding about 29 percent market share, reflects a broader trend of stablecoins gaining attention and adoption in the financial sector.</li></ul>

Stablecoin Company Circle Internet Surges After IPO

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