Circle’s NYSE Debut—A Vertical-Integration Masterclass On 5 June 2025 Circle (ticker: CRCL) went public at US $31, opened at US $69 and closed day-one at US $83. By late August the stock had touched US $135, giving the stable-coin issuer an eye-watering 4× pop. The listing—under a U.S. administration that passed the GENIUS Act and unveiled a 160-page “crypto-capital” roadmap—was read on Wall Street as proof that regulated dollar tokens can mint real cash-flow. Circle’s Q2 revenue hit US $658 ...