The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 billion.

Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere from $6.8 billion to $8 billion on a fully diluted value. The company that powers the USDC stablecoin will start trading today on the New York Stock Exchange under the ticker symbol CRCL.

New York-based cryptocurrency exchange Gemini is preparing to go public, signaling renewed confidence in the digital asset market.

Stablecoin issuer Circle's stock skyrocketed out of the gate, beating the initial public markets performance of tech giants.

(Reuters) -Stablecoin issuer Circle Internet's shares climbed 41% to hit a record high on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. The New York-based company's stock touched as much as $117.

Shares of the stablecoin issuer more than tripled from the IPO price of US$31 each, climbing as high as US$103.75 apiece on Thursday while being halted several times for volatilit