Circle Internet Group Inc.’s stock nearly tripled after the stablecoin issuer’s initial public offering on Thursday, in a strong sign that Wall Street is taking digital currencies more seriously. Circle’s stock ended trading at $83.

Stablecoin issuer Circle Internet's shares climbed 48 per cent on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier.New York-based Circle's stock went as high as $123.

Circle shares surged Thursday following an IPO valuing the company at almost $7 billion, showing that investors have an appetite to get exposure to the nascent stablecoin economy. Why it matters: The bet is that stablecoins will only get bigger once the U.