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Circle Becomes the First Stablecoin Issuer to Go Live on the NYSE Beincrypto 4 days ago

Circle Becomes the First Stablecoin Issuer to Go Live on the NYSE 📈

Circle, the issuer of USDC, has become the first stablecoin company to go public on the New York Stock Exchange, trading under the ticker CRCL. This marks a significant milestone in the crypto industry, with USDC ranked as the 7th largest cryptocurrency by market cap.

The IPO has been highly anticipated, with Circle raising its target goals and increasing the per-share price. As a public company, Circle aims to continue its mission to transform the global economic system in a digital format.

Despite becoming public, Circle's daily operations remain unchanged, with no immediate changes in leadership or bold new initiatives. However, Circle may use its resources to upgrade its tech infrastructure or compete for a share of the stablecoin market.

Source: beincrypto.com ↗

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