Circle (CRCL) successfully completed its IPO on the New York Stock Exchange today, with an opening price set at $31. The stock price quickly broke through the $100 mark and closed at $75.90 at the time of reporting, demonstrating strong market confidence in this encryption Financial Service company.

As the issuing institution of the digital dollar USDC, Circle is gradually establishing its core position in the cryptocurrency ecosystem. USDC, as a stablecoin pegged 1:1 to the US dollar, has become an important store of value and medium of exchange in the digital asset world, referred to by industry insiders as the "on-chain dollar."

As the regulatory environment in the United States becomes increasingly clear, and mainstream financial giants like BlackRock start actively participating in the digital asset space, Circle is playing a key role in connecting the traditional financial system with the blockchain world. This successful IPO not only marks an increase in Wall Street's recognition of crypto assets but also signals that the trend of integrating digital finance with traditional finance is accelerating.