Circle's performance in the US stock market is impressive, rising from $31 to $165 in just ten days, with a big pump of nearly 390%. Its market capitalization is close to $36.7 billion. Against the backdrop of an unclear global regulatory environment for crypto assets, Circle has successfully achieved legalization in the mainstream capital market as the "first stablecoin stock." This is not only the success of a single company but also marks an important beginning for the integration of Blockchain finance into the Traditional Financial system.

At the same time, the U.S. stocks related to encryption concepts such as "on-chain asset vaults," "compliant stablecoins," and "Web3 mapped stocks" have also become active. The current market trend shows that this has gone beyond a simple rise in cryptocurrency prices, but rather a process of Wall Street's reevaluation of the value of blockchain financial infrastructure.
On June 16, Monday, Circle's stock price continued to rise strongly, closing with an increase of 13.10%, at $151.06. During the day's trading, the stock price reached a high of $165.60, with an overall fluctuation of over 10%. Although there was a slight pullback in after-hours trading to $147.45, it still remained at a relatively high level.
Based on the closing price of approximately $115 on June 7 when it was first listed, Circle's stock price has shown an astonishing growth momentum in a short period, reflecting the market's strong confidence in the prospects of the stablecoin business. The favor shown by Wall Street investors towards Circle may indicate that the boundaries between encryption finance and TradFi are gradually blurring.