Wed, 06/11/2025 - 12:48
Following what has now got to be this year's headline IPO, USDC stablecoin parent Circle Internet Group (CRCL) has taken the markets by storm to gain almost 400% in less than a week of trading. Circle made its remarkable debut on the New York Stock Exchange on 5 June 2025, priced at a very modest $31 per share. On its first day, the stock surged 168% to close at $83.23, which put the company's estimated value at approximately $18.36 billion. After that, it went on to hit an intraday high of $138.57 on 9 June but settled at a still very impressive $115.25 on 10 June.
The company's strong IPO performance reflects growing investor confidence in the crypto sector and stablecoin segment especially, and Libertex is delighted to announce that it is offering its own CFD trading options on CRCL. That gives Libertex clients the opportunity to gain exposure to this exciting new instrument.
What exactly is CRCL?
Founded in Boston, Massachusetts, by Jeremy Allaire and Sean Neville in October 2013, Circle Internet Group Inc. is a financial technology firm that specialises in digital currencies and public blockchains for payments, commerce and decentralised financial applications. The company is the issuer of the second-largest stablecoin by market capitalisation, USD Coin (USDC), the majority of whose reserves are held in the Circle Reserve Fund (USDXX), an SEC-registered 2a-7 government money market fund. With over $60 billion in circulation, USDC plays a significant role in digital transactions worldwide. In addition to its Ethereum-based digital dollar, Circle is also at the cutting edge of digital wallet technology, and its latest set of programmable web3 wallets use multi-party computation (MPC) technology to ensure stringent security and regulatory compliance.
What makes CRCL special?
CRCL is one of few pure-play crypto tickers available on US exchanges, with only Coinbase, MARA Holdings, and Riot Platforms offering comparable exposure to the digital assets space. However, unlike those companies and the sector in general, CRCL has managed to maintain an excellent record of transparency, reliability, and compliance throughout its more than decade-long history. What's more, unlike other controversial stablecoin projects, Circle's flagship USDC is a digital dollar backed 100% by highly liquid cash and cash-equivalent assets and is redeemable 1:1 for US dollars. In Q1 2025, Circle reported $578.57 million in revenue and a net income of $64.79 million, which demonstrates the company's robust financial health.
How to buy and sell CRCL CFDs
You can trade CFDs on Circle through a broker or trading platform, such as MetaTrader or Libertex's proprietary platform. With CFDs, you can use a multiplier and trade if the value of the underlying asset rises or falls.
