USDC stablecoin issuer Circle Internet Group made a powerful and successful public stock debut. The listing is seen as a key step for integrating stablecoins into the global financial system.

Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, reacts to the price of first trade, on the day of the company's IPO, at the New York Stock Exchange (NYSE), in New York City, U.S., June 5, 2025. REUTERS/Brendan McDermid/File Photo

According to Fortune, the tech giants are reportedly in early talks with crypto firms to add stablecoin payments to reduce fees.

Circle's $1.1 billion IPO on Thursday highlighted Wall Street's increasing interest in stablecoins, particularly Ethereum. With over half of USDC's supply on Ethereum, the network stands to benefit from USDC's growth in DeFi. Analysts believe this development will bring more liquidity and excitement to Ethereum.

The point of a stablecoin is that it is highly predictable. These digital tokens, whose value is pegged to dollars or euros, are a bit like money in the bank, but with the virtue of being transferable without the delays that vex old-style bank customers.

The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 billion.

FOMO helped drive up shares of crypto firm Circle in their stock-market debut. The stablecoin issuer’s stock jumped Thursday, with the company basking in the Trump administration’s embrace of the crypto industry.