The bull market of shanzhai is here, let's learn about the first stock of stablecoins. Overview of Circle and Stablecoins (Stock Code: CRCL) |Listing date: June 2025 |Exchange: New York Stock Exchange |Stock code: CRCL |Market value: approximately 42 billion US dollars On June 5, 2025, Circle Internet Group (stock code: CRCL), known as the "first stablecoin stock", officially went public on the New York Stock Exchange, becoming the first large cryptocurrency company to complete an IPO after Coinbase. The IPO was priced at $31 and the stock price doubled on the first day of listing. As of June 19th, the stock price soared to $199.81, setting a new record for the three-day cumulative performance of US IPOs since 2020.