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Circle IPO traders send wrong CRCL stock up 16,000% Circle, issuer of the world’s second-largest stablecoin USDC, is going public this week on the New York Stock Exchange in one of the most highly anticipated IPOs of the year. When it starts trading, its ticker symbol will be CRCL. Unfortunately, due to some confusion about the listing time, some impatient traders bought a foreign stock with the same ticker symbol, Corcel PLC. A London-based mining company with minimal trading volume, someone bought a block of 1 million shares at 8:06am this morning at $0.34. For context, its prior trade was $0.0117. Yahoo! Finance displayed a staggering 16,689% gain over the past five days for Corcel PLC. How the US gov’t bailed out USDC stablecoin Read more: Coinbase allegedly offered Circle $3B lifeline during USDC depeg Bidding up the price of CRCL Traders were at their desks early, searching for the latest news about Jeremy Allaire’s all-American competitor ...

Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network will be adding USDC as well as support for Cross-Chain Transfer Protocol (CCTP), which allows interoperability with other prominent blockchains. “SUI enables developers to build apps for a variety of use cases, including DeFi, gaming, DePIN, and ecommerce. With the arrival of native USDC, developers can build with the largest regulated dollar-backed stablecoin in the industry. Additionally, CCTP will enable developers to design cross-chain experiences by connecting their Sui apps to additional blockchains including Arbitrum, Base, Ethereum, Solana, and more. With no need to lock up liquidity, CCTP provides a highly secure and capital-efficient way to transact with USDC across supported blockchains.” According to Circle, not only would CCTP allow the secure...