Shares of Circle surged after its debut as a public company, but the crypto player may face headwinds if the Federal Reserve cuts interest rates further this year.

This week’s blockbuster IPO of Circle, a leading issuer of stablecoins, shows how crypto is increasingly going mainstream. Here’s how to invest.

While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.

Stablecoin issuer Circle Internet Group Inc.’s stock stayed hot on Friday, in its second session of trading, and helped sparked gains in shares of other cryptocurrency-related companies. A lift also came from Robinhood Market Inc.

Stablecoin issuer Circle's stock skyrocketed out of the gate, beating the initial public markets performance of tech giants.

Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere from $6.8 billion to $8 billion on a fully diluted value. The company that powers the USDC stablecoin will start trading today on the New York Stock Exchange under the ticker symbol CRCL.

The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 billion.

Digital investment firm Arca has sold its entire stake in Circle after publicly criticizing the stablecoin issuer’s initial public offering (IPO) process.

The successful debuts of Circle and CoreWeave could lead to more unicorns going public. Keep an eye on fintech Chime and defense firm Voyager.