Arthur Hayes says the crypto industry is walking straight into a minefield. In his latest essay, Assume the Position, Arthur called Circle’s IPO the beginning of what he sees as a reckless wave of stablecoin startups,

Circle shares (NASDAQ:CRCL) have been on a tear since their initial public offering (IPO) earlier this month. Circle shares were initially priced at

David Zaslowsky of Baker McKenzie discusses developments toward a legal framework for digital assets and integration of them into traditional finance, noting the Initial Public Offering of Circle Internet Group and legislation in Congress.

Circle Internet Group, Inc. is well-positioned to benefit from the rapid adoption of stablecoins. Click here to read an analysis of CRCL stock now.

Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.9 billion.

The GENIUS Act  (S. 1582) was approved by the Senate today, thus moving federal regulations for stablecoins closer to reality.

Shares of stablecoin issuer Circle spiked on Wednesday as its USDC token expands natively to another blockchain, World Chain.

The public offering represents an “accelerant” for Circle as it seeks to establish itself at the heart of a new “internet financial system,” CFO Jeremy Fox-Geen said.

World Network also integrates Circle’s Cross-Chain Transfer Protocol (CCTP V2) to move USDC across a range of blockchains.

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.

An early investment in stablecoin issuer Circle Internet Group Inc. has turned into one of the most profitable trades ever for Marshall Wace, netting a roughly $700 million profit from crypto firm’s stellar initial public offering.