The cryptocurrency company, which offers fully backed digital money for rapid global payments around the clock, priced its IPO above the expected range.

Wall Street isn't just celebrating the debut of a major stablecoin issuer as Circle's stock soared Thursday and Friday. It's also considering how it can compete against Circle in the future.

Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of stablecoins. The stock, which more than doubled in its first few minutes of trading before being halted three times,