Since its June 5 trading debut, stablecoin issuer Circle's (CRCL) stock has climbed more than 500%. The rising provider has issued over $61 billion worth of its stablecoin USD Coin (USDC-USD), making it the world's second largest in today's $253 billion stablecoin market. On June 30, Circle announced that it had applied to establish a national trust bank charter called First National Digital Currency Bank. If approved, it would be another step toward integrating stablecoins into traditional banking and financial markets. Here’s a look at how stablecoins work and how they've risen to prominence today. Stablecoins are ... (full story)