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

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

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

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.

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

Circle Internet Group Inc. had one of the splashiest debuts in years, with shares surging 168% after the company and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering.

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.

Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.

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.