This week’s blockbuster IPO of Circle, a leading issuer of stablecoins, shows how crypto is increasingly going mainstream. Here’s how to invest.

Stablecoin issuer Circle Internet Group (CRCL) is making its IPO debut on Thursday, stirring optimism across the crypto and equity markets. Brianne Lynch, EquityZen Head of Market Insight, joins the Morning Brief team to break down what Circle’s momentum means for the IPO landscape and investor appetite for these emerging companies.

Major investors signaled confidence in the offering. ARK Invest showed interest in purchasing up to $150m in shares, while BlackRock is expected to acquire roughly 10% of the IPO allocation. BlackRock also manages the Circle Reserve Fund, a government money market fund holding 90% of USDC’s reserves, valued at $53.3b as of this week.