Circle Stock Jumps as USDC Stablecoin Expands to Sam Altman's World Chain
Summary
Circle's shares have increased over 10% following the integration of its USDC stablecoin and cross-chain transfer protocol with World Chain, co-founded by Sam Altman. All bridged USDC tokens on World Chain were upgraded to the new native USDC, enhancing liquidity, security, and capital efficiency for users. USDC is now available on 21 blockchains. Circle's stock (CRCL) is trading above $116, nearly four times its $31 IPO price, and reached a high of $138.57. The IPO raised $1.1 billion, outperforming other tech companies like Meta and Robinhood upon their listings. Circle is valued at approximately $28.34 billion. Gemini has filed for its own IPO, potentially joining the trend of crypto companies going public.
