Circle stock hits $115 on 2nd day of NYSE debut
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Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, reacts to the price of first trade, on the day of the company's IPO, at the New York Stock Exchange (NYSE), in New York City, U.S., June 5, 2025. REUTERS/Brendan McDermid/File Photo
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
According to Fortune, the tech giants are reportedly in early talks with crypto firms to add stablecoin payments to reduce fees.
Wider stablecoin adoption, plus smaller partner payments, could offset pressure from lower returns on cash.
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