Circle’s post-IPO valuation surges to $66.9 billion, outpaces USDC supply

Circle’s marketplace capitalization has rapidly outpaced the circulating proviso of its stablecoin USDC less than a period aft the institution went public.

Data from CryptoSlate shows that USDC’s existent circulating proviso is astir $61.27 billion. Meanwhile, Circle’s marketplace capitalization has surged to astir $66.9 billion, according to figures from Yahoo Finance.

Circle’s accelerated valuation ascent tin beryllium linked to the staggering occurrence of its archetypal nationalist offering, which has propelled its banal to a highest of astir $280 per stock astatine the clip of penning from an archetypal terms of $31.

Circle’s CRCL Stock Performance Since Market Debut (Source: Yahoo Finance)

Jon Ma, the CEO of blockchain analytics institution Artemis, explained that the banal show shows that the marketplace is pricing successful important aboriginal growth, perchance tied to Circle’s relation successful the broader stablecoin and payments infrastructure.

According to him, Circle’s valuation is implicit 24.2 times its Q1 2025 gross tally rate, 60.7 times its gross nett tally rate, and 216 times its nett income tally rate.

Circle’s Valuation Vs Other US Crypto Companies (Source: X/Jon Ma)

The station Circle’s post-IPO valuation surges to $66.9 billion, outpaces USDC supply appeared archetypal connected CryptoSlate.