By Manya Saini (Reuters) -Shares of stablecoin issuer Circle and crypto exchange Coinbase surged on Wednesday after the U.S. Senate passed a landmark stablecoin bill, boosting hopes of wider adoption ...

After stablecoin issuer Circle exploded 300% higher in its IPO, plenty of big players on Wall Street are taking a second look ...

Ed Engel, Compass Point senior analyst, joins 'The Exchange' to discuss Circle's stock soaring in its public debut.

In its first day of trading, Circle was up nearly 170%. At one point, Circle was up more than 200%, and trading was halted several times, as the market struggled to keep up with demand.

Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach.

Circle saw shares price well above its initial ... more than doubling out of the gate. At one point, they even traded as high as $103.75 — a jaw-dropping 234% surge from the IPO price.

In DeFi, a serious USDC rival for Circle is unlikely to emerge anytime soon, according to analysts at investment bank Compass Point.