US stock market anomaly | Circle (CRCL.US) lands on the NYSE and opens with a sharp increase of over 140%

Intelligent Finance APP learned that on Thursday, stablecoin giant Circle (CRCL.US) debuted on the NYSE, with the opening stock price soaring over 140% to a high of $75.9 and triggering a trading halt. The IPO price was $31. Circle's USDC holds approximately 27% market share in the stablecoin market, ranking second after Tether USDT which holds 67% market share.