Circle’s IPO Surge Draws Parallels to Coinbase’s 2021 Crypto Boom
Coinbase’s debut in April 2021 marked a defining peak for Bitcoin and the broader cryptocurrency market.
Now, on June 5, 2025, Circle (NYSE: CRCL) has captured similar attention as its shares soared on debut day, more than tripling from the initial $31 offering price. This milestone caps years of effort by the USDC stablecoin issuer to go public.
The dramatic rally in Circle’s stock has reignited questions about whether the crypto sector is gearing up for another phase reminiscent of 2021’s explosive growth and heightened investor enthusiasm.
