Circle Internet stock price surged on its first trading day as a publicly traded company. CIRCL shares jumped to a high of $83, transforming it into a $18 billion company and one of the best initial public offerings (IPO) this year.

USDC stablecoin issuer Circle Internet Group made a powerful and successful public stock debut. The listing is seen as a key step for integrating stablecoins into the global financial system.

Circle stock (CRCL) exploded higher in its first day of trading on Thursday, rising as much as 200% at session highs after the stablecoin issuer made its long-anticipated public market debut. At market close,