- Circle’s IPO drives stock up, market cap flip.
- USDC supply increased by 40% in 2025.
- Institutional interest boosted by stablecoin growth.
Investors’ renewed confidence highlights significant trust in Circle’s broader fintech ambitions beyond just stablecoins.
Circle’s IPO has led to a dramatic 800% increase in its stock price, reflecting strong institutional backing. Circle’s stock market cap has now flipped that of its USDC stablecoin, which highlights the growing emphasis on digital finance innovation.
Jeremy Allaire, co-founder and CEO, continues to guide the company through this transformation. Investor TJ Kawa noted inconsistencies in Circle’s market valuation compared to Coinbase, which captures 50% of USDC’s reserve income. “Circle’s market cap is approaching Coinbase’s … even though Coinbase makes 50% of USDC reserve income and has multiple revenue streams. Make it make sense.” – TJ Kawa
USDC’s robust demand from DeFi sectors has fueled its supply growth by 40%. This surge occurred amid “Stablecoin Summer,” driving significant industry attention toward stablecoin-centric platforms.
The GENIUS Act’s passage has provided regulatory clarity, encouraging substantial institutional investment. Ongoing legislative support reinforces confidence in fully-backed stablecoins as a secure and viable option.
Circle’s expansion into new networks such as the XRP Ledger increases its stablecoin’s reach further. As Circle’s stock outpaces USDC, experts anticipate potential realignment as the market evaluates sustainable valuations and business strategies.
