Circle's stock (CRCL) surged for a third day in a row on Monday following its blockbuster IPO last week. Shares of the stablecoin issuer jumped more than 15% to trade near $122, nearly 300% above their debut price of $31.

Investors' demand for shares of Circle Internet Group (CRCL) shows no early signs of slowing down. Last Wednesday, the USDC stablecoin issuer priced its upsized initial public offering (IPO) at $31 per share,

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.