Circle Soars 163% After IPO, Surpasses $20B Valuation as SBI Invests $50M; Stablecoin Supply at $240B

31 posts • GPT (4.1)

Updated Jun 8, 2025, 09:03 AM

Circle Inc. ($CRCL), a major stablecoin issuer, has seen its shares surge following its initial public offering (IPO), with the stock rising 163% on debut and climbing an additional 16%, pushing its valuation above $20 billion. The company also attracted a $50 million investment from Japan's SBI Holdings, securing about 5% of Circle's IPO shares and signaling ambitions to expand stablecoin adoption in Asia. CRCL traded at $104 and $111 during the period and is up approximately 50%.

Stablecoins have experienced rapid growth, with the global supply reaching an all-time high of approximately $240 billion, up by $80 billion in the past year. In the last 12 months, stablecoins have facilitated $33 trillion in transaction volume. Tether's USDT now accounts for 62% of the sector, with USDS up 14% and PYUSD up 10.6% this week, while FDUSD and DAI slipped and USD1 edged up. Ripple's RLUSD stablecoin has grown 32.5% in outstanding supply over seven days and reached a $244 million market cap within a month of launch.

Circle's valuation has been cited as $24 billion by some sources, and the company reportedly holds $60 billion in reserves. CRCL options are set to start trading Monday, according to the OCC.

The surge in stablecoin activity has drawn attention from major technology firms such as Apple, Airbnb, Google, and X, which are exploring stablecoin integration. Politicians from both major U.S. parties are supporting efforts to accelerate stablecoin development to reinforce the U.S. dollar's status as the world's reserve currency.

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#Japan #SBI Holdings #Circle #Asia #Tether #Ripple #OCC #Apple #Airbnb #Google

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Sources

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Legendary

@legendarygainz_

You’ve been tricked into thinking memecoins will bring mass adoption. But normal people are not gambling addicts waiting to be rinsed by the next serial rugger. Mass adoption comes with stablecoins. Apple, Airbnb and Uber are currently thinking about accepting stable payments.

sri | srimisra.eth

@srikmisra

When the largest banks begin to structure products around Bitcoin, it's no longer a question of if crypto will be adopted-it’s a matter of how fast the rest will follow. Crypto is no longer just an asset class; it’s the upcoming financial infrastructure.