Circle, stablecoin
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This week’s blockbuster IPO of Circle, a leading issuer of stablecoins, shows how crypto is increasingly going mainstream. Here’s how to invest.
According to Fortune, the tech giants are in early talks with crypto firms to add stablecoin payments to reduce fees.
Circle Internet Group Inc. (NYSE: CRCL), the crypto company behind the USDC stablecoin, continued its meteoric rise on June 6. At press time, CRCL is priced at $115, up by over 25% in the last 24 hours, briefly touching $100.
Stablecoins are reshaping global finance—from emerging markets to U.S. Treasuries. USDT and USDC gain traction in payments and DeFi amid pending regulatory shifts.
Stablecoin firm Circle Internet Group is set to go public later Thursday after pricing its initial public offering above the expected range amid strong interest from investors.
As stablecoins take a step toward becoming mainstream, some segments of the U.S. Treasury market, notably securities with short-term maturities, could be vulnerable to volatility as they become more closely tied to the world of cryptocurrency.
In the latest example, a new San Francisco-based company called NeverPay announced early Friday a program called Buy Now, Pay Never, which it says will let users make “real-world” payments using the rewards they earn through a process called staking.
Stablecoins are on the verge of going mainstream, analysts say, as a landmark regulatory bill makes its way through Congress.
Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of stablecoins.Circle, which plans to list 34 million shares on the New York Stock Exchange Thursday under the ticker symbol CRCL,