The hottest crypto stock on the planet right now is Circle Internet Group(NYSE: CRCL), which debuted on the New York Stock Exchange on June 5. In its first day of trading, Circle was up nearly 170%. At one point, Circle was up more than 200%, and trading was halted several times, as the market struggled to keep up with demand.
There are only a handful of pure play crypto stocks right now for investors, and Circle might end up being the best of them. So what is Circle, and why should it be in your portfolio?
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Stablecoins
Circle is a direct play on the surging stablecoin industry, which is now valued at over $250 billion. Circle’s stablecoin is USDC(CRYPTO: USDC), which currently has a $60 billion valuation, making it the 7th largest cryptocurrency in the world by market cap.
Thus, by getting exposure to…
