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Circle's buzzy IPO was a big hit. Now comes the hard part
Circle Internet Group Inc.'s debut as a public company this week was successful, in part because investors expect a friendlier regulatory backdrop to boost the growth of stablecoins - cryptocurrencies whose values are pegged to another asset, such as a fiat currency like the U.S. dollar or a commodity like gold. But soon, Circle (CRCL) may face the same problems as everyday savers of dollars, as the Federal Reserve is expected to resume cutting its key interest rate later this year - a move that could reduce the interest that companies and individuals receive on cash and cash-like investments. Lower rates could put ... (full story)