After stablecoin issuer Circle exploded 300% higher in its IPO, plenty of big players on Wall Street are taking a second look at their crypto strategies. That could very well trigger a second wave of hyper crypto institutionalization that has been building all year.

Circle Internet is betting on wider use of its USDC digital currency, which is redeemable one-for-one with the U.S. dollar.

Wall Street ETF issuers didn’t waste a second after Circle Internet Group Inc. launched its IPO last Thursday, according to Bloomberg. Within hours of the