Circle Internet Group (CRCL), parent of stablecoin USDC, saw its shares skyrocket following its initial public offering. From a debut price of $31, shares have surged more than 500% to just below $190 apiece. At their peak in June, they were briefly trading for almost $290 each.
The remarkable spike in the stock has become a significant point of interest for retail and institutional investors looking to place a bet stablecoins and the future of digital payments.
