Circle (CRCL) has surged over 740% since its listing, with a market cap now representing 103.6% of USDC

BlockBeats News, June 24th, according to market data, the U.S. stock market closed on Monday, with Circle Internet Group (CRCL) up 9.64%, now trading at $263.45, with a market capitalization of $638.9 billion. The current stock price has increased by 749% from its IPO price.

At the time of writing, USDC has a market capitalization of $616.75 billion, meaning that Circle's market capitalization has reached 103.6% of its USDC market capitalization.

BlockBeats previously reported that Circle completed its IPO on June 6th at $31 per share, with the stock price soaring nearly 200% on the first day of trading.