Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.

The U.S.-based issuer of one of the most popular cryptocurrencies made its debut on the New York Stock Exchange on Thursday and quickly saw its value soar amid heavy interest from crypto enthusiasts and investors.

Key Takeaways Circle Internet Group shares continued to climb Friday after soaring 168% in their debut on the New York Stock Exchange yesterday.The stock began trading Thursday at $69 each, more than double the increased initial public offering price.