币界网报道:Circle's Nasdaq debut under ticker CRCL on June 5 saw its shares surge 235% to $82 on opening day, reaching $107.70 by Friday for a $21.6B market cap, signaling strong investor appetite for crypto-native firms in traditional markets. The stablecoin issuer's USDC maintains steady market share amid overall stablecoin growth, though analysts question whether Circle's fundamentals justify its premium valuation. The successful IPO may pave the way for other crypto firms like Gemini and Kraken to go public, establishing a potential valuation framework for crypto infrastructure companies in public markets.