Investors' demand for shares of Circle Internet Group (CRCL) shows no early signs of slowing down. Last Wednesday, the USDC stablecoin issuer priced its upsized initial public offering (IPO) at $31 per share,

Circle Internet Group, the issuer of the USDC stablecoin, made a powerful public debut last week, with shares surging more than 29% on Friday following Thursday’s IPO. The stock opened at $69, more than double its $31 IPO price, giving the company an initial valuation of $6.9 billion.

Circle Internet Group, an issuer of stablecoins, is expected to debut on the NYSE this week in a highly anticipated IPO and stock listing.