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,

Stablecoin company Circle Internet Group is expected to list its stock on the New York Stock Exchange on Thursday in a long-awaited IPO.

Circle closed with an $18.4 billion valuation, well below Coinbase’s IPO but ahead of newer entrants like Fold and eToro.