Stablecoins emerged as that somber, boring cousin of their much flashier counterpart, cryptocurrency. Pegged to the U.S. dollar and other national currencies, stablecoins have much less volatility than cryptos, while they are also gaining rapid acceptance as a secure medium of exchange.
However, since Circle (CRCL), the issuer of the second-largest stablecoin, USDC, made its debut on the markets this year, stablecoins have garnered much attention. Although CRCL stock is down slightly from its listing price, the company has been on a steady path of growth. This has not escaped the notice of some market heavyweights.
