Circle's stock price soared nearly 34% in a single day, the largest increase since its IPO, and its market value exceeded US$44 billion

Stablecoin issuer Circle (NYSE: CRCL) saw its share price surge 33.8% on June 18 to close at $199.72, the largest single-day gain since its IPO, with its market value climbing to about $44.417 billion, a new record high.

It is worth mentioning that Circle was officially listed on the New York Stock Exchange at the beginning of this year, with an issue price of $31 per share and a total of 34 million shares issued. Its market value calculated at the issue price at the time of listing was about $6.8 billion. Compared with the current situation, in just a few months, Circle's market value has increased by more than 5 times, and its stock price has risen by more than 540%, highlighting the capital market's high recognition of its stablecoin business model and future growth potential.

Circle is the main issuer of the USDC stablecoin, with a circulation of about $33.4 billion, making it the second largest US dollar stablecoin in the world, second only to Tether (USDT). With the widespread application of USDC in global payments, DeFi, institutional settlement and other fields, Circle is widely regarded as an important promoter of the digital development of the US dollar.

Market analysts believe that this round of rise is supported by the fundamentals of the company's business expansion and continued deepening of cooperation, as well as policy expectations and improved regulatory environment. Previously, Circle has reached cooperation with many platforms such as Shopify, Stripe, and Coinbase, enabling USDC payments to be implemented in 34 countries around the world, greatly enhancing its commercial scenarios.

The U.S. Treasury Secretary recently publicly stated that the U.S. stablecoin market is expected to grow by 1,000% by 2030. The remarks were interpreted by the market as a major policy support for compliant stablecoin issuers including Circle.

At the same time, Circle is expanding its on-chain reserve support asset pool to enhance the transparency and security of USDC. Bloomberg News pointed out that multiple institutional investors have recently increased their holdings of CRCL shares, highlighting the market's optimism about Circle's long-term business model.

In the context of the crypto industry gradually moving towards compliance and stablecoin regulatory policies being introduced one after another, Circle's growth is considered a landmark event in the structural reshaping of the U.S. crypto market.