USDC Stablecoin issuer Circle (CRCL) has landed on Wall Street and shook the heart of the financial system. Does that statement sound exaggerated? Not at all.
The day he made his debut on the New York Stock Exchange (NYSE) on June 5th The company’s actions ended with a 168% increase. Regarding the price of the first public offering (IPO).
And if his debut was explosive, he was angry five days later. On June 10th, CRCL reached its maximum price of $133. This represents a 329% profit. At the time of publication of this memo, the price is $106.
“The initial release had 25 excess dexanda, meaning that for each action available, 25 investors wanted it,” said Thejaswini MA, an analyst at the token dispatch site.
Simply put, CRCL was marketing quickly with old reviews. Investors wanted to pay more. For this reason, Thejaswini says that “Wall Street is currently experiencing what psychologists call “cognitive dissonance.” “The unpleasant sensations that arise when cryptocurrency companies behave like normal business.”
It is necessary to explain that if a person holds two contradictory ideas at the same time, and therefore there is a sense of discomfort or confusion, a cognitive dissonance occurs. But why is Wall Street experimenting with this condition? because Cryptocurrency is considered a risky assetrelated to lack of transparency, it is used only for financial speculation.
In this case, the USDC is a stubcoin that maintains parity 1 to 1 in the US dollar, supported by cash reserves and treasured debt, and operates on standards of regulatory compliance.
In this regard, the analyst states: “The success of the circle examines the paper that profitable cryptocurrency companies can thrive as independent public institutions,” he further points out:
“Five years ago, this IPO would have been facing regulatory hostility. Within five years, the market could be too mature for this type of transformational opportunity.”
Analyst at The Jaswini MA, Token Dispatch Site.
Circle, money
USDC is the second most valuable stability in the ecosystem. Capitalization is $610 million. The largest is USDT, which is worth $1055 billion.
The important fact is that USDC controls 53% of the total amount of transfers between stablecoins. In other words, it is the most stable currency used for institutional payments, liquidation and transfers.
This not only reflects the relevance within the market, but is also the basis for Circle’s building of its business model. Revenue is important by distributing 610 million USDC and placing yields on 4% to 5% financial equipment.
To understand how it works, it is best to imagine a wheel that begins when users deliver dollars in exchange for USDC. The circle will receive those funds and invest in the US Treasury in the short term. Maintain profits as a source of income. The cycle is repeated many times, generating billionaires’ profits.
And the financial results speak for itself. In 2024, the company generated $1.7 billion in revenue, but in the first quarter of 2025, annual revenue already reached 2.3 billion, meaning annual growth of 59%.
For Jaswini, Circle CEO Jeremy Allerle, “He probably wonders why everyone else took them so long and so long to realize that keeping money in treasure letters and maintaining profits is a viable business model.”