Circle's stock debuted at $31 and surged to $123.51 by Friday, quadrupling its IPO price within two days. This surpassed the first-day performances of tech giants like Airbnb and Meta, with Airbnb's stock merely doubling in its debut. Circle's market cap reached $19 billion post-IPO, reflecting high investor interest in the stablecoin market. Analysts attribute Circle's remarkable performance to the growing significance of stablecoins, positioning it as a primary investment avenue for the crypto sector. Competitors like Coinbase are not publicly traded, boosting Circle's appeal in the market. Despite its impressive growth, Circle remains smaller compared to established companies like Meta, which had a valuation of $104 billion at its IPO.

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