Circle Stock Soars On IPO Debut, Trading Halted Twice Amid Frenzy

Circle $CRCL shares surged 167% on their NYSE debut, closing at $83 after an IPO price of $31 and hitting an intraday high of $104. Trading was so volatile that it was halted twice during the session due to extreme price movement. The debut coincided with a modest uptick in stablecoin activity — USDC volume rose 22% and USDT 13% — signaling growing market interest in stablecoin infrastructure. While investor enthusiasm was strong, the sharp spike raised questions about long-term stability, echoing past IPOs like Coinbase’s, which saw rapid early gains followed by steep declines. Source: Coindesk