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These Leading Retailers Are Considering Stablecoins. Should Investors Be Excited or Wary?
The biggest retail businesses could see profits improve for two reasons. On June 5, cryptocurrency company Circle Internet Group (CRCL 1.70%) went public with an initial public offering (IPO), and it was a blockbuster success. The IPO stock is the company behind the second-largest stablecoin USD Coin (USDC 0.01%), and the stock is still up more than 75% from where it started trading, showing that investors are very comfortable with this emerging space. This space is indeed emerging. Stablecoins have existed for years, but they lacked regulatory clarity. This all changed with the passage of the GENIUS Act in July. The ... (full story)