Circle’s Valuation Surges Post-IPO, Outpacing USDC Supply
Circle’s market capitalization has soared to $66.9 billion, eclipsing the $61.27 billion circulating supply of its stablecoin USDC. The surge follows a successful initial public offering that propelled its stock from $31 to nearly $280 per share.
Analysts attribute the valuation spike to market expectations of Circle’s growth in stablecoin and payments infrastructure. The company now trades at 24.2 times its Q1 2025 revenue run rate, reflecting aggressive investor optimism.