Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of stablecoins. The stock, which more than doubled in its first few minutes of trading before being halted three times,

The New York-based firm, which issues the USDC cryptocurrency, priced shares above their estimated range for its initial public offering. Here’s what to know. The time has come for another highly anticipated arrival on the New York Stock Exchange (NYSE).

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.