Circle's Market Cap Surpasses $40 Billion

According to Jinse Finance, market data shows that the share price of Circle, known as the "first stablecoin stock," has surpassed $172, marking an increase of over 23% and bringing its market capitalization to $41.715 billion. As of now, the circulating supply of Circle's stablecoin USDC is approximately $61.5 billion, which means Circle's market cap has reached 67.8% of USDC's circulating supply.