Last week, a company that most people outside of the crypto field hadn't heard of became the toast of Wall Street.

Circle Internet Group ( CRCL ) , typically referred to as Circle, is a peer-to-peer digital payments company, but it's best known for issuing the Stabecoin, a digital asset whose value is pegged to the U.S. dollar. The newly minted stock began trading on the New York Stock Exchange on June 5, quickly catching the attention of many investors.

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The market hasn't seen too many tech initial public offerings (IPOs) so far this year, with the exception of artificial intelligence (AI) and cloud computing startup CoreWeave ( CRWV ) , which began trading in March. The new stock has enjoyed significant gro

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