$USDC #CryptoStocks

The IPO market is alive and well, and the best example of that is Circle Internet Group (CRCL 33.82%). It is one of the hottest new cryptocurrency stocks in the market. It began trading on the New York Stock Exchange earlier this month, and from an initial public offering price of $31, it skyrocketed to a value of $133.56 as of June 13.

It does not hold Bitcoins or other risky digital assets, and instead offers you a supposedly more stable way to invest in the crypto world. Here’s what you need to know about the latest new cryptocurrency stock, and whether it’s worth adding to your portfolio today.

Unlike meme coins and risky, volatile assets, Circle Internet Group is an issuer of a stablecoin, USDC, which is pegged to the US dollar. That means that, by definition, it should not experience much volatility. Finding a stable investment while also investing in crypto is not an easy task, as often the big appeal is generating a large profit from a fast-moving asset like Bitcoin. However, Circle Internet Group could be a more attractive option for investors looking to avoid risks.