According to the latest data from Google Finance, on the evening of June 23rd Taiwan time, the stock of Circle (CRCL), the issuer of the US dollar stablecoin USDC, pulled out a long red line in the US stock market, with the stock price surging by over 20% and creating a new historical high. The highest stock price reached 298 USD, and at the time of writing, it was temporarily reported at 291.71 USD, with the market value officially breaking through 71 billion USD.
CRCL Market Value Exceeds USDC
Notably, according to CoinGecko data, the market value of Circle's stablecoin USDC is currently around 61.28 billion USD, which means that since its IPO on June 5th, CRCL has taken less than 20 days to surpass the market value of the second-largest stablecoin.
Currently, the market leader Tether's USDT has a market value of 156 billion USD, and CRCL only needs to double its value to be comparable to USDT.
