US stocks of Circle continue to pump, rising over 186.71%, current stock price is 88.88 dollars.

On June 6, according to market information, Circle, the issuer of stablecoin USDC, continued to rise after the opening of the market, and is now up more than 186.71%, with a current stock price of $88.88, an IPO price of $31, and a current market capitalization of $19.6 billion. Circle completed its IPO at $31 per share, exceeding its expected pricing range of $24-26, raising $1.1 billion and valuing the IPO at $6.2 billion. The IPO was originally planned to issue 24 million shares, but it expanded to more than 34 million shares due to a surge in demand. USDC, issued by Circle, is the second-largest dollar stablecoin, and its listing comes at a time when U.S. lawmakers are pushing for a stablecoin regulatory bill.