The US stock Circle continues to rise by over 186.71%, with a current stock price of $88.88

According to BlockBeats news, on June 6th, according to market information, stablecoin USDC issuer Circle continued to rise after opening, with a current stock price of $88.88 and an IPO price of $31. Its current market value is $19.6 billion. Circle completed its IPO at $31 per share, exceeding the expected pricing range of $24-26, raising $1.1 billion and valuing the IPO at $6.2 billion. The original plan for this IPO was to issue 24 million shares, but due to a surge in demand, it has expanded to over 34 million shares. The USDC issued by Circle is the second largest stablecoin in the US dollar, and its listing comes at a time when US lawmakers are pushing for stablecoin regulatory legislation.