Stablecoin issuer Circle Internet's shares climbed 48% on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier.

Circle Internet Group’s share price continues to increase, rising on Friday as much as 25% from its previous close, a day after the stablecoin issuer’s more than doubled from the IPO price.

The stock price soared and opened at $69.50, a gain of 124 percent. In afternoon trading, shares traded at $92.68. Circle’s initial public offering is one of the biggest public listings for a crypto-related company in years.