What you need to know about stablecoins and stock tokens as Robinhood and Circle shares jump
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It can be easy to form an opinion about a new technology or service without knowing very much about it. But recent events underscore the importance of learning about stablecoins and related technology.
Circle Internet Group Inc.
CRCL developed the USDC stablecoin USDCUSD, which is designed to be pegged to the U.S. dollar to facilitate trade and money transfers, and to be easily redeemable for dollars. Circle completed an initial public offering on June 5, and through Wednesday the stock had soared 474% from its $31 IPO price to close at $177.97.
